Prices of food products up by almost 18% y/y in January

Food prices in grocery stores in January 2022 increased by 17.6 percent compared to January 2021. Although the latest information on inflation says it is 8.6 percent, buyers are most often affected by food price inflation, and this has gone mad and is twice as high as the official index. It has not been such expensive prices in grocery stores for a long time, and experts warn that it will be even worse.

The price analysis was prepared by UCE Research, Hiper-Com Poland, and the AdRetail Group. The "Price Index in Retail Stores" is a report prepared periodically. The analysis covers 12 categories (bread, dairy products, meat, fruit, vegetables, loose products, fat products, food additives, stimulants, beverages, household chemicals, and other articles) and 45 products.

"It should come as no surprise to anyone that in January all categories studied turned out to be more expensive than a year ago. But not everyone was expecting such a high growth, which far exceeds the inflation rate," Julita Pryzmont of Hiper-Com Poland said.

"Everything indicates that the real price tag will hurt customers in the middle of the year," Karol Kamiński, co-author of the study at the AdRetail Group Analysis Center, added.

(bizblog)