Consumers in Germany have to be prepared for significantly increasing food prices. The head of economic activity at the Munich Ifo Institute, Timo Wollmershäuser, told the “Welt am Sonntag” (via AFP): “According to our surveys, more than two-thirds of food manufacturers are planning further price increases in the coming months.”
Accordingly, the experts in Germany expect an inflation rate of four percent for 2022. In the case of groceries, it could even be seven percent, which in all likelihood will also affect retailers such as Aldi, Lidl or Rewe.
Aldi. Lidl and Co.: There is a risk of a price shock on the food shelves
The main reason for the announced price increases are the exploding prices at the manufacturers. For example, farmers have to accept an increase in production costs of up to 30 percent in arable farming. A major factor here are the increased prices for fuel and fertilizer.
Such changes always reach customers with a certain delay. “The price increases in the supermarkets are only just beginning. Producer prices are rising sharply, which ultimately has an impact on consumer prices, especially after the next harvest,” reports Christian Janze, partner at the consulting company EY and agribusiness officer. the newspaper.