German Retailers To Increase Food Prices By 20-50% On Monday

German Retailers To Increase Food Prices By 20-50% On Monday

BY TYLER DURDEN

 

Just days after Germany reported the highest inflation in generation (with February headline CPI soaring at a 7.6% annual pace and blowing away all expectations), giving locals a distinctly unpleasant deja vu feeling even before the Russian invasion of Ukraine broke what few supply chains remained and sent prices even higher into the stratosphere...

... on Monday, Germany will take one step toward a return of the dreaded Weimar hyperinflation, when according to the German Retail Association (HDE), consumers should prepare for another wave of price hikes for everyday goods and groceries with Reuters reporting that prices at German retail chains will explode between 20 and 50%:

GERMAN RETAIL CHAINS TO INCREASE FOOD PRICES BY 20-50% FROM MONDAY

Even before the outbreak of war in Ukraine, prices had risen by about five per cent “across the product range” as a result of increased energy prices, HDE President Josef Sanktjohanser told the Neue Osnabrücker Zeitung on Friday.

With Russia’s invasion hitting economies and the supply chain harder, yet another series of price increases is on the horizon.

“The second wave of price increases is coming, and it will certainly be in double figures,” Sanktjohanser warned, cited by The Local.

According to the president of the trade association, the first retail chains have already started to raise their prices in Germany – and the rest are likely to follow.

“We will soon be able to see the impact of the war reflected in price labels across all the supermarkets,” said Sanktjohanser.

Recently, popular retail chains such as Aldi, Edeka and Globus announced that they would be forced to raise their prices. At Aldi, meat and butter will be “significantly more expensive” from Monday due to price hikes from its suppliers.

“Since the start of the Ukraine war, there have been jumps in purchase prices that we have not experienced before,” a spokesperson for Aldi Nord announced on Friday.

 

A fortnight ago, Aldi raised the prices of about 160 items, and a week later 20 more items became more expensive. Other supermarket brands quickly followed suit.

In February, Germany’s cost of living rose at the highest level since reunification, with everyday goods increasing by an average of 7.3%.

The federal statistics agency Destatis said the jump from January’s figure of 5.1 percent to February’s 7.3 percent reflected the impact of Russia’s invasion of Ukraine, which has sent the price of oil and gas soaring.

According to a recently published survey by the Ifo Institute, almost all companies in Germany’s food retail sector are planning price increases.

Though price increases are a worry for Germany’s hard-hit consumers, industry experts don’t expect there to be a lack of products on the shelves anytime soon.

Which, of course, is to be expected when prices surge so high far fewer can afford to buy products.

According to Joachim Rukwied, president of the farming association, the food supply in Germany is assured for at least another year – though after this the forecasts are less certain. 

With rumors of shortages swirling around, however, supermarket owners have been complaining of the sort of panic-buying not seen since the first months of pandemic.

As previously noted, German supermarkets have even started limiting the purchase of cooking oils and flour in particular to prevent a mad rush to stock up on items that customers believe will run out.

In other words, limit the sale of those products which are in highest demand, also known as a "brilliant strategy."

And now that everyday food product prices are about to surge as much as 50%, it will be interesting to watch how much longer the German population will condone a NATO stance that has been seeking to stoke and perpetuate the war in Ukraine.

 

Views: 285

Comment

You need to be a member of Citizens' Task Force on Wind Power - Maine to add comments!

Join Citizens' Task Force on Wind Power - Maine

Comment by Willem Post on April 6, 2022 at 8:04am
  • If the Germans had not been so foolish to close down their perfectly good nuclear and coal plants, and burning their ancient forests, and despoiling their once beautiful country with ugly lose-lose turbines and lose-lose solar systems everywhere, the Germans would be THE LEADERS IN SHUTTING OFF RUSSIAN OIL, GAS, COAL, INSTEAD OF THE OBSTRUCTORS
Comment by Lynn Oleum on April 4, 2022 at 2:49pm

They are where they are because Merkel and her party rejected alternatives to Russian energy. In particular, they rushed to close their nuclear power plants because there could be a mighty tsunami in the Baltic sea that would damage a reactor in Leipzig or Munich. Never mind that the damage to three reactors at Fukushima did not injure, make ill, or kill anybody.

Comment by Thinklike A. Mountain on April 4, 2022 at 12:20am

The Biden Crime Family Reveals That Joe Heads The Syndicate
Bombshell’ Hunter Biden Text Reveals Joe Biden Made Him Give Him ‘Half’ His Salary for Over 30 Years
https://beckernews.com/bombshell-hunter-biden-text-reveals-joe-bide...

Comment by Thinklike A. Mountain on April 4, 2022 at 12:12am

Inflation Spikes to 11.9% in The Netherlands — Energy Component of Inflation Up 102%
https://www.thegatewaypundit.com/2022/04/inflation-spikes-11-9-neth...

Comment by Thinklike A. Mountain on April 3, 2022 at 6:10pm

HUGE: Former AG Barr Stopped Investigations into Trailer Load of 288,000 Ballots into PA from New York in 2020 Election – Barr Refused to Provide Whistleblower Protection – Now the USPS Won’t Provide Investigation Report – What Gives?
https://www.thegatewaypundit.com/2022/04/huge-former-ag-barr-stoppe...

Comment by Thinklike A. Mountain on April 3, 2022 at 5:47pm

The same media that lied about Hunter Biden's laptop and the stolen 2020 elections has lied to us for 20+ years about 9/11. Folks, 47 story World Trade Center 7 was not hit by a plane and collapsed in its own footprint. The government says fire caused this. A four-year engineering study from the University of Alaska says "Impossible" and tells us it was brought down with controlled demolition. 

Chemist Niels Harrit discusses a number of scientific points related to the World Trade Center’s destruction. Harrit lays out what he calls a “consistent and coherent model” for the demolition of the Twin Towers, which involves the use of explosives, thermate, and nano-thermite, and he expresses his optimism that a major awakening on the scale of the Renaissance will take place in his lifetime.

https://www.ae911truth.org/news/829-chemist-niels-harrit-explosives...

 

Maine as Third World Country:

CMP Transmission Rate Skyrockets 19.6% Due to Wind Power

 

Click here to read how the Maine ratepayer has been sold down the river by the Angus King cabal.

Maine Center For Public Interest Reporting – Three Part Series: A CRITICAL LOOK AT MAINE’S WIND ACT

******** IF LINKS BELOW DON'T WORK, GOOGLE THEM*********

(excerpts) From Part 1 – On Maine’s Wind Law “Once the committee passed the wind energy bill on to the full House and Senate, lawmakers there didn’t even debate it. They passed it unanimously and with no discussion. House Majority Leader Hannah Pingree, a Democrat from North Haven, says legislators probably didn’t know how many turbines would be constructed in Maine if the law’s goals were met." . – Maine Center for Public Interest Reporting, August 2010 https://www.pinetreewatchdog.org/wind-power-bandwagon-hits-bumps-in-the-road-3/From Part 2 – On Wind and Oil Yet using wind energy doesn’t lower dependence on imported foreign oil. That’s because the majority of imported oil in Maine is used for heating and transportation. And switching our dependence from foreign oil to Maine-produced electricity isn’t likely to happen very soon, says Bartlett. “Right now, people can’t switch to electric cars and heating – if they did, we’d be in trouble.” So was one of the fundamental premises of the task force false, or at least misleading?" https://www.pinetreewatchdog.org/wind-swept-task-force-set-the-rules/From Part 3 – On Wind-Required New Transmission Lines Finally, the building of enormous, high-voltage transmission lines that the regional electricity system operator says are required to move substantial amounts of wind power to markets south of Maine was never even discussed by the task force – an omission that Mills said will come to haunt the state.“If you try to put 2,500 or 3,000 megawatts in northern or eastern Maine – oh, my god, try to build the transmission!” said Mills. “It’s not just the towers, it’s the lines – that’s when I begin to think that the goal is a little farfetched.” https://www.pinetreewatchdog.org/flaws-in-bill-like-skating-with-dull-skates/

Not yet a member?

Sign up today and lend your voice and presence to the steadily rising tide that will soon sweep the scourge of useless and wretched turbines from our beloved Maine countryside. For many of us, our little pieces of paradise have been hard won. Did the carpetbaggers think they could simply steal them from us?

We have the facts on our side. We have the truth on our side. All we need now is YOU.

“First they ignore you, then they laugh at you, then they fight you, then you win.”

 -- Mahatma Gandhi

"It's not whether you get knocked down: it's whether you get up."
Vince Lombardi 

Task Force membership is free. Please sign up today!

Hannah Pingree on the Maine expedited wind law

Hannah Pingree - Director of Maine's Office of Innovation and the Future

"Once the committee passed the wind energy bill on to the full House and Senate, lawmakers there didn’t even debate it. They passed it unanimously and with no discussion. House Majority Leader Hannah Pingree, a Democrat from North Haven, says legislators probably didn’t know how many turbines would be constructed in Maine."

https://pinetreewatch.org/wind-power-bandwagon-hits-bumps-in-the-road-3/

© 2022   Created by Webmaster.   Powered by

Badges  |  Report an Issue  |  Terms of Service