Nestlé increased prices by 8.2 percent in fiscal year 2022. This was the world’s largest food producer’s response to inflation, which is still rampant in some areas. Nestlé has so far managed to pass on higher purchase prices to customers with relative ease – and will continue to do so in the future. Certain product prices will therefore also continue to rise in Swiss supermarkets.
According to the national consumer price index of the Federal Bureau of Statistics, food and non-alcoholic drinks have already become 5.6 percent more expensive since January 2022. However, unlike energy prices, inflation eats rather insidiously through the wallet. The individual products may cost a few cents or even a franc more and you don’t just go shopping once a quarter. Nevertheless, you end up spending significantly more on groceries than before, without knowing exactly what.
We therefore took a closer look at food and selected in the national consumer price index those foods whose prices increased the most in January 2023 compared to the same month last year.
Ground: Higher energy and transport costs, crop failures in Canada
Ground: Higher energy and transport costs, crop failures in Italy
Ground: Higher energy and transport costs, crop failures in the EU, adjustment to world market prices
Ground: Higher energy and transport costs
Ground: Rise in feed, milk and energy prices
Ground: Crop failures in Ukraine, high sugar prices, higher energy costs
Ground: Failed grain harvests in Ukraine, higher energy costs
Ground: Crop failures in Spain and Italy.
Ground: Rise in feed, milk and energy prices
Ground: Increase in feed prices, higher energy costs, adjustment to world market prices
Source: Watson
I am Dawid Malan, a news reporter for 24 Instant News. I specialize in celebrity and entertainment news, writing stories that capture the attention of readers from all walks of life. My work has been featured in some of the world’s leading publications and I am passionate about delivering quality content to my readers.
