After a more normal rise in 2024, food prices are now leaving again.
In January, the largest increase is visible an individual month since March 2023, according to the Mat Price College’s latest survey.
Among the close to 44,000 goods that the Food Prize College has gone through, there is an increase in 29 percent of them. 64 percent remained unchanged in January, while 7 percent of the goods fell in price.
Prices are increasing on a fairly wide front, says Ulf Mazur, CEO of Food Prize.
In the grocery trade, food prices rose by 0.8 percent in January. Including all articles, the increase was 0.6 percent.
Continues upwards
The largest increases are seen on, for example, coffee, orange juice and cocoa. Also jams and some vegetables have gone up in price. For example, the bell pepper has become close to 15 percent more expensive, the tomatoes increase by over 11 percent.
There are major increases, says Mazur.
Coffee is responsible for the largest price increase in January, according to the Mat Price College.
Coffee is responsible for the largest price increase in January, according to the Mat Price College.
Photo: Anders Humlebo/TT
According to him, we can expect rising food prices in the future, at least in the short term.
In February and a bit into March, prices will probably increase quite properly. Arla has not yet made any increase in dairy products, says Mazur and continues:
And there is still a lot that has not been fully impacted. We see that some chains are faster than others to change prices, but the others will follow soon.
The climate affects
In terms of the last twelve months, it is still cocoa, which has been off by just over 18 percent, and the coffee, which has become around 17 percent more expensive, which accounts for the big rises. And that trend will continue, says Ulf Mazur.
For all products that are exposed to the climate impact, where there is either too much drought or too much rain, it will hit a lot in the future.
This also applies to the price of different types of vegetables.
You have to set this change. There will be a lot of fluctuations and something bigger than you are used to, says Ulf Mazur.