Striking discovery about prices in supermarkets: “There is room for price drops”

Striking discovery about prices in supermarkets: “There is room for price drops”
Striking discovery about prices in supermarkets: “There is room for price drops”
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Testaankoop looks at the prices of more than 3,000 products sold at seven supermarket chains. What seems? Inflation in supermarkets is now 2.73%. “In March 2023, inflation was 20.62%.”

“We note that a number of important products are cheaper today than last year. For example, bread now costs 2.7% less than last year, semi-skimmed milk costs 3.5% less and cling film and aluminum foil are even 7% cheaper than last year. “

What stands out to Testaankoop is that the prices of raw materials such as vegetable oil and grains have been falling for almost two years. But that does not translate into price reductions for consumers. “On the contrary, frying oil costs an average of 39% more than two years ago, and pasta also costs us an average of 5% more than a year and a half ago, when prices on international markets started to fall.”

Testaankoop expects that prices will stagnate on average and that there will be no compensation for the enormous increases of the past year. “However, the decreases in raw material prices and energy prices indicate that there is room for price decreases,” says spokesperson Ortwin Huysmans.

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The article is in Dutch

Tags: Striking discovery prices supermarkets room price drops

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