1.50 euro baguette, bakers in the European Union are going to raise the price of bread

Published Sep 28, 2022

Tridge summary

The article highlights the upcoming price increase in baguettes and other bakery products in France due to a combination of rising energy and raw material costs. The invasion of Ukraine by Russia has significantly driven up wheat prices, contributing to the surge in flour prices. Additionally, increases in yeast, paper packaging, and wage revaluation costs are also factors. The impact of energy price hikes, particularly for bakeries with more than ten employees without a tariff shield, could lead to a significant price hike, with the traditional baguette potentially reaching 1.5 euros. This price increase is observed against the backdrop of rising bread prices across Europe, with France experiencing the least increase compared to Germany and Spain.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

To buy a baguette, you will have to pay a little more. The rise in its price, already noted in recent months, should continue its momentum: caught between the surge in energy and that of raw materials, some bakers will probably have no other choice so as not to sacrifice their margins. For bakers, everything increases, and at the same time. After having already climbed sharply in the summer of 2021, wheat prices have taken off again in the wake of Russia's invasion of Ukraine. Although the millers temporized these increases by absorbing part of the additional cost, flour was not spared and saw its prices increase. The same goes for yeast, like the paper packaging with which customers leave. Without forgetting the revaluation of wages, which account for half of the production cost of a wand. Energy is the "icing on the cake", underlines Dominique Anract, president of the National Confederation of French Bakery and Pastry (CNBPF). The ovens, which consume a lot of energy, run on gas ...
Source: Bfmtv

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