Drastic price increases in Germany: Possible shortages

09.10.2021. / 14:40

BERLIN – Basic groceries in Germany are getting drastically more expensive, and some of them could soon be up to 25 percent more expensive in stores.

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In Germany, in the next few months, there will be a large increase in the price of products, and producers are “threatening” up to 25 percent higher prices of food products, reports Fenix ​​magazine.

Manufacturers like Nestlé and Henkel are currently negotiating with large retail chains for a drastic price increase.

The portal “Lebensmittelzeitung”, which publishes news related to trade and food, writes that pasta producers also plan to raise prices, reports Večernji list. For example, pasta from Birkel, Germany’s largest producer of dried pasta, could be 19 percent more expensive than the current price, and pasta from Buitoni as much as 25 percent more expensive.

The reason for the increase is the price of sugar, cereals and other ingredients, which have risen 40 percent in the last 12 months. Large retail chains in Germany are still trying to fight the planned price increase announced by the manufacturers. This could also lead to a shortage of some products in stores.

In the past, in such situations, some retail chains did not order certain products in order to put pressure on producers and thus try to prevent price increases.

In an interview with the German Bild, Bernard Burdik from the consumer center in North Rhine-Westphalia proposes a VAT exemption for fruits and vegetables in order to keep a healthy diet affordable. Politicians also make suggestions on how to reduce inflation. CDU politician Johannes Steiniger, for example, is proposing the abolition of green electricity levies. Vecernji list

Source: Capital.ba – Informacija je capital by www.capital.ba.

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