Bread is more expensive, but wheat price is stabilizing globally

The consumer price index of bread in July 2022 reached 114 points (2015=100), 2% higher than two months before and 9% higher than in July 2021. The selling prices of bread and bread products manufacturers have increased to 114 in the past two months. points, 2% higher than in July and 7% higher than a year earlier. The ex-farm wheat price was 236 points in July, equal to the level of two months earlier and 61% higher than in July 2021. Bread price development The price of bread has been stable for the past three years. This is because the industry hedges the supply of raw materials and the associated price risks with contracts. Consumer and producer prices are therefore not very sensitive to changing producer prices in the short term. However, this has changed significantly since early 2022. The consumer price index of bread in July 2022 was 114 points (2015=100), 2% higher than two months before and 9% higher than in July 2021. Due to rising raw material and energy prices, ...