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Whether this is due to poor coffee harvests, rising raw material costs or the war in Ukraine, the price spike continues, and the impact is significant for the French.
Prices continue to rise and the purchasing power of the French finds itself directly affected, as specifies it Dorothée Lachaud, on the 13 Hours set, Thursday 3rd of March. For pasta, the first prices have increased by 42.5% on average since last month. From now on, the big brands are no longer spared, they have increased by 17% over one month. This also affects roasted coffee, with a 12% increase in the first prices, due to very poor harvests in Brazil.
The cost of oil jumped 11%, 8% for butter, sugar and flour or 5% for eggs. Soaring commodity prices may explain these increases. “It’s set to last. Negotiations between large retailers and manufacturers ended yesterday and they recorded price increases […] 3 to 4% on average”details Dorothy Lachaud. In addition, the war in Ukraine will also have consequences on the purchasing power of the French.