The consumer organization Test-Achats regularly investigates to what extent the prices in the various supermarket chains are rising. The price comparison shows that the products in the supermarket have increased by an average of 12.33 percent compared to last year.
The inflation figures from both the Belgian and European statistical offices show that inflation is currently continuing to gain momentum. For example, inflation in the eurozone stood at 9.1 percent last month, compared to 8.9 percent in July. Energy prices remain the main drivers of monetary depreciation, but we are noticing that price increases are increasingly filtering through to other products.
This now also confirms the price comparison of Test-Achats. Based on the prices of 3,000 products in the stores of Albert Heijn, Carrefour, Colruyt, Cora, Delhaize, Aldi and Lidl, the consumer organization recorded an average price increase of 12.33 percent compared to a year earlier. According to Test-Achats, a family of 2 therefore spends 48 euros more per month on the same shopping cart. That comes down to 438 euros, which is 4 euros more than in July.
Which products are significantly more expensive?
It is not only the rising energy prices that are at the root of the more expensive products in the store. The war in Ukraine has also increased the price tag of many other goods. Thus, the besieged country is an important exporter of grain. Test-Achats notes, for example, that spaghetti has become up to 35 percent more expensive as a result.
The price of various oils, including sunflower oil, has also risen due to the military conflict in Eastern Europe. We feel the impact of this, for example, when we buy frying oil and mayonnaise. According to the consumer organization, the prices of those products have risen by 26 and 21 percent respectively.
Mustard is even 36 percent more expensive. The price tag was also raised by 10 percent in July and August. That’s because mustard is made from ground mustard seeds, vinegar, water, and salt. Those mustard seeds for the European market are mainly produced in Russia and Ukraine.
An overview of the products whose prices have risen the most:
- Mustard: +36 percent
- Spaghetti: +35 percent
- Stationery: +33 percent
- Butter: +30 percent
- (Gouda) cheese: +27 percent
- Deep-frying oil: +26 percent
- Semi-skimmed milk: +24 percent
- Dishwasher tablets: +24 percent
- Cod fillet: +22 percent
- Coffee: +21 percent
- mayonnaise: +21 percent
- poultry: +20 percent
The prices of vegetables (+5 percent), fruit (+4 percent) and chocolate (+4 percent) have risen less sharply.
What will the future bring?
Test-Achats is cautiously positive about the further evolution of food prices. “The international grain price fell by 11.5 percent in July because grain transports from Ukraine started up again and several countries had a good grain harvest,” it sounds. “Vegetable oil also became 19.2 percent cheaper in international markets. Hopefully this will be reflected in the supermarket in the coming months.”
At the same time, the organization notes that raw material prices only make up a small part of the price, in addition to production, transport and labor costs.