Inflation, boosted by the Russian-Ukrainian conflict, is strongly affecting the food sector, according to a report published on Wednesday by UFC Que Choisir. As for fast food, for example, the soaring cost of oil is forcing prices to rise.
After fuel, food: inflation has an ever-increasing impact on the income of French households. A report published on Wednesday by UFC-Que Choisir makes a clear statement: food prices are seeing their prices rise inexorably, particularly as a result of the war in Ukraine. Thus, inflation on food products reached an unprecedented level this month: the increase was 4.1% compared to April 2021, notes the consumer association.
While food products have benefited in recent years from competition between major retailers to see their prices drop, this period is coming to an end, estimates UFC-Que Choisir, which develops: These are the fruits and vegetables that show the greatest increasefollowed by grocery and dairy products.
And the increases don’t stop with these products. Meats are starting to experience the same phenomenon since Ukraine and Russia are important countries in the cereal business, the basis of livestock feed. Pork, for example, has increased by 35% since the beginning of the year at the Plrin market, the benchmark price in the sector, assures UFC-Que Choisir.
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Fast food traders are also affected by the situation. Kebabs, burgers… All these fried food brands are bearing the full brunt of the rise in the price of sunflower oil, from 640euros per ton in mid-February to more than 1000euros today. With 78% of world exports in normal times, the current failure of Ukraine and Russia is penalizing the sector.
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For the big signs as for the smallest kebabs, a challenge is now imposed: succeed in passing on this increase prices on the products sold, without losing customers who refuse to pay a price deemed unfair.