Bread prices increase in Germany

Published Apr 4, 2022

Tridge summary

Due to the Ukraine-Russia war, coronavirus epidemic, and high costs, bakeries in Germany are experiencing increased prices in essential raw materials such as sugar, grain, flour, and other bakery products. The German Bakers Association predicts a potential rise in bread prices from 3.50 euros to 3.80 euros per kilogram, with concerns that costs could double, reaching 10 euros. The situation is causing anxiety among bakers regarding the unpredictability of prices and the potential impact on consumer spending and business sustainability.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

While many bakeries in Germany increased their bread prices due to the Ukraine-Russia war, the authorities announced that the bad harvest season, interrupted supply chains due to the coronavirus epidemic, increased energy prices, high labor and production costs caused an increase in bread prices. BAKERS FOCUSED ON TIMES IN GERMANY Bakery owners in Germany expect a 40 percent price increase in sugar, 35 percent in grain, 25 percent in flour and 20 percent in other bakery products compared to the previous year. INCREASED COSTS ARE REFLECTED TO THE CONSUMER Officials in Germany announced that wheat flour constitutes approximately 70 percent of the total raw material need for bakery products, therefore bread prices are affected by price and cost increases. While the authorities stated that they cannot say with certainty to what extent the increased costs will be reflected to the consumer, the German Bakers Association announced that the price of 1 kilogram of bread, which is 3.50 ...
Source: Haber7

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