In Germany, food prices in stores are rising faster than electricity prices. In this respect writer Interia cites data from the Ifo Institute for Economic Research in Munich.
Many stores in Germany continue to struggle with food shortages. Customers are looking for more and more discounted products. In February, 85.7% of the companies surveyed complained about food problems. A month ago, that number was 95.6% of respondents. At the same time, the rise in food prices outstripped energy. In February, consumers paid an average of 21.8% more and 19.1% more for electricity than a year ago.
Market experts agree that supermarket shelves in Germany are starting to empty as tough bargaining continues between manufacturers and retailers as they can’t agree on food prices. At the same time, manufacturers themselves can use temporary downtime as a pressure on stores.
According to Ifo, Germans became more inclined to visit a few grocery stores in search of cheaper goods. We are talking about the fact that due to inflation, residents of Germany are forced to look more at promotions.
March 7 newspaper Die Welt WroteHe said German unions are concerned about rising electricity prices as it could pose a threat to jobs. In the publication, it was noted that the unions of IG Metall, IGBCE and IG BAU have issued a joint statement that there is a risk of job loss and plant closures, especially in energy-intensive sectors such as metallurgy, chemicals and construction materials.