Foods were 9 percent more expensive, while inflation in this period more than 18 percent. This is evident from an analysis of ING Economics Department, on Thursday published.
A household gives monthly average of 300 euros on food, says ING. That’s 10 percent of the total budget.
Meat, fish, milk, cheese, eggs, oil, butter, fruit, vegetables and potatoes are all now about 10 percent higher than in 2001. Sugar, confectionery and ice costs just as much as ever. Bread was 15 percent more expensive.
Food prices in the shop the last few years have increased more rapidly due to rising food prices on the world market. But the shopkeepers calculated the costs only partly through, possibly for fear of losing customers. Due to the economic downturn consumers look at the extra price.
The fierce competition between supermarkets according ING Economics Department puts a brake on price increases. The supermarkets benefited moreover that labor costs rose less by the economic downturn.
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