In April, the prices of food and alcoholic beverages fell for the first time since autumn 2021, but now prices have risen to the same levels as in March. And despite the increases, food prices contributed to the inflation rate falling in July, according to the CPI.
– Although food prices rose in July, they did not rise as quickly as in July last year, which contributes to the overall inflation rate falling, says John Eliasson.
Food that has increased the most in price
Among the foods that increased the most during July compared to June this year are yellow onions, which increased by 29.2 percent, pears, which increased by 23.1 percent, canned herring, which increased by 15.6 percent compared to June and cucumber which rose by 10.9 percent. Tomatoes and oranges also increased by 8.9 and 8.3 percent, respectively.
Food products such as butter (7.6) and cod fillet (7.2) are also on SBC’s list of the goods that have increased the most in percentage compared to June.
The foods that have decreased the most in price during the corresponding period include leeks, which decreased by 16.5 percent, small citrus fruits, which decreased by 15.2 percent, white cabbage, which decreased by 14.8 percent, and cauliflower, which decreased by 14.4 percent. .
Paprika and fresh spices also decreased in price by 10.0 and 3.8 percent, respectively, compared to June, according to the CPI.
Culture and recreation something that affects
Although the contribution of food prices to the rate of inflation is decreasing, prices have increased in the area of culture and recreation, something that has now become more visible in the inflation calculations, according to John Eliasson.
– Services and goods in recreation and culture such as package tours, home electronics and exercise are increasingly contributing to inflation. In total, prices in the area have increased by 14 percent in one year, he says, in the press release.
At the same time, he emphasizes that it should be interpreted with caution because the corona pandemic still has a certain impact on inflation in the area.
– During the pandemic, it was hardly possible to travel abroad, go to the cinema or visit a gym. This meant that inflation was barely affected by prices in that area. Now consumption has started again, which means that price changes affect the inflation figures with some lag, he says.