The dramatic price hikes in Germany may also be lacking

The dramatic price hikes in Germany may also be lacking

In Germany, in the coming months, there will be a huge increase in the price of products, and producers are risking “to 25 percent higher prices of food products, reports Phoenix magazine. Producers like Nestlé and Hankel are currently negotiating with large chains of retail for one [...]

Producers like Nestlé and Hankel are currently negotiating with large chains of retail for a drastic price increase. Portal “Lebensittelzeitung”, which publishes trade-related news and food, writes that pasta producers also plan to increase prices.

For example, pasta by Berkel, the largest German producer of dried pasta, may be 19 percent more expensive than previous prices, and the pasta from Buiton may be up to 25 percent more expensive.

The reason for the increase is the price of sugar, cereals, and other ingredients, which have increased by 40 percent in the past 12 months. Major retail chains in Germany are still trying to combat the planned increase in prices announced by producers. This could also lead to lack of some products in stores

In times past, in such situations, some retail chains did not order certain products to pressure producers and thus try to prevent price hikes.

In an interview for German Bild, Bernard Burddddddddddddrich from the consumer centre in Nordhein-Westfalen proposes an exception to the VAT for fruits and vegetables in order to maintain a healthy, affordable diet. Politicians also make suggestions on how to reduce inflation. CDU politician Johannes Steiniger, for example, is proposing the removal of green electricity tariffs.

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