Inflation is on the way down, commodity prices are falling and the krona has strengthened. Many factors should be able to speak for price reductions in grocery stores going forward. But the beginning of 2024 rather speaks for the opposite, according to recent figures from Matpriskollen.
– The price increase in January was 0.5 percent, which at first glance might not look so dangerous. But the devil is in the details,” says Ulf Mazur, in a press release.
Oil and vinegar increase the most
The categories that increased the most in January are “oil and vinegar”, which increased by 5.6 percent.
– It is driven entirely by the olive oil, which continued to increase by 9.6 percent on average, or approximately SEK 10 per package, but where many items increased up to 35 percent, he says.
Continued increases are expected
According to Matpriskollen’s statistics, food prices increased in 2022 by a whopping 15.4 percent and in 2023 they increased by 5.2 percent.
In recent months, the price trend has slowed considerably and many households are probably hoping for stagnant or reduced prices in stores. But Ulf Mazur rather believes that we can expect somewhat continued increases rather than decreases going forward.
Some goods have become cheaper
After all, some goods have dropped in price. These include walnuts, tomatoes, cauliflower and broccoli.
See which items have become more expensive – and why prices look set to rise more in February in the video above.