March Sees Sharp Increase in Food Prices with Meat and Dairy Leading
Source: dairynews.today
In March, food prices rose by 2.4%, with meats and dairy showing the most significant increases according to recent reports.
March has brought a notable surge in food prices, with an overall increase of 2.4%, witnessed in the third week of the month.
The monthly average reached 3.2%, marking the largest rise in the past eight months, raising concerns about the continuity of the disinflation process hoped for by the government, which saw a 2.4% rise in February, surpassing January's 2.2%.
According to a weekly survey by LCG consultancy, significant price hikes have been noted specifically in beverages and infusions for home consumption (5%), sugar, honey, sweets and cocoa (4.2%), meat (3.5%), and dairy products and eggs (2.5%).
Over the past four weeks, a 3.2% increase was primarily driven by a 4.8% rise in meats and eggs. Dairy, sugar, and other food categories also exhibited varied levels of price changes, underscoring ongoing price volatility in the food sector.
The monthly average reached 3.2%, marking the largest rise in the past eight months, raising concerns about the continuity of the disinflation process hoped for by the government, which saw a 2.4% rise in February, surpassing January's 2.2%.
According to a weekly survey by LCG consultancy, significant price hikes have been noted specifically in beverages and infusions for home consumption (5%), sugar, honey, sweets and cocoa (4.2%), meat (3.5%), and dairy products and eggs (2.5%).
Over the past four weeks, a 3.2% increase was primarily driven by a 4.8% rise in meats and eggs. Dairy, sugar, and other food categories also exhibited varied levels of price changes, underscoring ongoing price volatility in the food sector.
