Major differences in the price increase of daily groceries in the Netherlands

Published 2021년 6월 9일

Tridge summary

The article highlights a recent price comparison by GfK that reveals a average three percent increase in supermarket food prices over the past year, with some categories experiencing much higher increases. Animal food saw the biggest price hike at nine percent, followed by meat, flowers & plants, beer, fresh produce, and bread & pastries, while prices of items like chocolate, biscuits, sweets, fresh pasta, cheese, and personal care products remained relatively stable or decreased slightly. The article suggests that the pandemic has contributed to the price increases through increased demand for these products and luxury goods, as well as higher demand for raw materials due to a growing global population and the rise of alternative proteins. It also notes that supermarket prices in the Netherlands are lower than in many other European countries. The article speculates that food prices may decrease for some items as the pandemic eases and people return to outdoor dining, but prices for products with higher raw material costs are expected to remain high.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Groceries have become more expensive over the past year. Consumers pay on average about three percent more for food in the supermarket and elsewhere, according to a recent price comparison by GfK. The research is based on data from the agency's housekeeping panel, which continuously scans all products sold by supermarkets, specialty stores and drugstores. The prices of various product categories from April 2020 to March 2021 have been compared with those of the same period a year earlier. Inflation level beyond “The price increase is more than the inflation level of approximately two percent. But there are big differences between the categories,” says Norman Buysse, managing consultant at GfK. “Animal food, for example, has become considerably more expensive, about nine percent. The number of pets has grown considerably during the pandemic – more demand naturally drives the price up. It is also possible that the demand for more luxurious animal feed is greater," says Buysse. Nine ...

Source: Levens