Why food is getting more expensive

Dusseldorf, Berlin Food prices could continue to rise in the coming months. This is what agricultural economists and consumer experts are assuming. Because the situation on the global agricultural markets is getting worse. The costs for fertilizer, pesticides and fuel are increasing rapidly. Added to this are the drought in important growing regions and the lack of wheat deliveries from the Ukraine and Russia.

There is no fear of a supply bottleneck in western countries, but consumers have long felt the effects of the tense situation at the supermarket checkout. A few weeks ago, Aldi, as the pacesetter in the industry, increased the prices for hundreds of products. The other traders followed. In April, consumer prices for food in Germany had increased by 8.5 percent compared to the previous year.

But that is not the end of the price spiral. “We are experiencing an inflationary shock in the food retail sector,” observes Chehab Wahby, consumption expert at EY-Parthenon consultancy. Not all the higher costs of the producers have arrived in the supermarket by a long way.

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