Lidl is more and more demanding: food prices are rising – some products are now becoming very expensive at discounters.
Dortmund – Inflation, lack of raw materials and poor harvests are all responsible for prices in Germany soaring across a wide range of areas. And even before the war in Ukraine, it was clear that many things would become more expensive, especially in the food sector – including discounters, reports echo24.de.
|Sales volume||€57 billion|
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Lidl: Food prices are rising – everything will be more expensive in 2022
In March, the price of heavy fuel oil in particular caused many problems for motorists. And the energy cost forecasts for gas and electricity also look rather gloomy. echo24.de reveals for which products customers should expect a price increase at Lidl, so that there are no unpleasant surprises when looking at the receipt.
At 3.9% in August 2021, Germany’s inflation rate crossed the 4% mark for the first time in nearly 28 years. In fact, inflation has accelerated even faster than experts thought and has already passed the 4% mark.
In September 2021, the inflation rate was already 4.1%. Inflation in Germany accelerated considerably in November 2021: consumer prices are expected to have increased by 5.2% year-on-year, according to the Federal Statistical Office. Food has become 4.5% more expensive.
Lidl: Inflation is having an effect and groceries are getting more expensive
Economists therefore already expected further price increases at the start of 2022. Customers feel this directly – even in supermarkets and discounters like Lidl, products are becoming more and more expensive.
Several major market-leading food producers such as Nestlé, Unilever and Danone have already announced price increases due to the raw materials needed for production and the persistently high rate of inflation.
Many products from the food giants can also be found on the Lidl shelves. Water, soft drinks, dairy products, coffee, meat substitutes, confectionery, spices, muesli, ready meals such as frozen pizza, but also dumplings, dumpling dough or gnocci – all these products are produced by Nestlé, Unilever and Danone, among others, and are also sold by Lidl. And further price increases are possible for all these products. Edeka and Rewe have already reacted to the price increase announced at Nestlé.
Lidl: Food prices are rising – these products will be more expensive in 2022
The British group Unilever has already announced an average increase in product prices of around 4.7% in the third quarter of 2021 chip.de reported. This roughly corresponds to current inflation. Like echo24.de already reported, some products are more expensive since autumn 2021.
An extremely popular product in Germany is becoming more and more expensive due to poor harvests: pasta. One expert estimates that the cost of pasta could even triple in the near future. The durum wheat crop suffered during the rainy summer. It also increases the prices of no-name products at Lidl.
Lidl: There is a risk of higher prices for these products and foods
Another product that is becoming scarcer and therefore more expensive due to poor harvests: coffee. Prices have already increased and may continue to increase in the future. BUT: Here, Lidl itself could become the savior of customers. Lidl is planning its own roasting plant, which could lower prices in the market, even outside Lidl branches.
Hold on tight chip.de Price increases for chocolate and milk to come, but also for non-book items such as detergents. But there is still a glimmer of hope: the discounter is offering its customers a brand new product that costs only three euros.
The Austrian Institute for Economic Research (Wifo) expects prices for unprocessed food to increase by 2.6-3.8% and processed food by 2.5-4% in the first half of 2022. These forecasts can also be applied to Germany. The bottom line is this: in the food sector, price increases are to be expected for almost all products – up to 5% is “normal”.
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