Food prices are rising again

Food prices are rising again. The increase in September is the largest in several months, according to new figures from the Food Price Index. Every percent is several billion in higher food costs, says Ulf Mazur at the Food Price Index.

» Updated:

» Published:

Food prices are rising again
Photo: Anders Wiklund/TT

Share this article

According to the site's latest review, prices rose by 0.2 percent in September, which is the largest increase since February.

When we measure, it has been around plus minus zero for the past few months. 0.2 percent doesn't sound like much, but it's a mega-industry, so every percent is several billion in higher food costs, says Ulf Mazur.

Taking off

Certain products that have been high in price for a long time are increasing further, not least chocolate, which rose by 4.8 percent during the month of September. The reason is the high prices of cocoa beans.

Chocolate continues to take off, says Mazur.

Goods such as orange juice and coffee, which have also risen significantly in price, continue to rise. The price of berries and fruit is also increasing, up 3.5 and 2.5 percent, respectively.

The price of olive oil fell slightly in September, but has risen by nearly 20 percent over the past year.

Many may hope that inflation will decrease and that it will then become cheaper, but it's not plummeting and overall, it's not becoming cheaper.

"More to come"

The food price index also sees an increase in dairy products, which have become more expensive just in the past few days. There, they believe that prices will rise even more.

More is coming in October.

What will happen going forward, then? It's hard to say.

The producers' costs are generally not increasing in all cases. It's a good sign that they won't have to raise prices for the chains. There are no major general things that would make prices start to rise going forward. It's if something happens with the wars or if we see further climate impact, says Ulf Mazur.

Tags

Author

TTT
By TTEnglish edition by Sweden Herald, adapted for local and international readers

More news

Tesla Stock Surges 3.6 Percent Boosting Wall Street Indexes

Tesla Stock Surges 3.6 Percent Boosting Wall Street Indexes

Trump Proposes Ending Quarterly Reports for Wall Street Companies

Trump Proposes Ending Quarterly Reports for Wall Street Companies

EU Regulators Seek Stricter Crypto Supervision by ESMA

EU Regulators Seek Stricter Crypto Supervision by ESMA

Elon Musk Buys $1 Billion in Tesla Shares, Boosting Stock by 7%

Elon Musk Buys $1 Billion in Tesla Shares, Boosting Stock by 7%

China Investigates Nvidia for Competition Law Violations

China Investigates Nvidia for Competition Law Violations

USA and China Agree on Tiktok Deal Framework

USA and China Agree on Tiktok Deal Framework

Black Soldier Fly Oil and Protein Developed for Animal Feed

Black Soldier Fly Oil and Protein Developed for Animal Feed

Basmati Rice Dispute Stalls EU-India Trade Agreement

Basmati Rice Dispute Stalls EU-India Trade Agreement

Gaming Companies Lead Gains in Slightly Rising Stockholm Stock Market

Gaming Companies Lead Gains in Slightly Rising Stockholm Stock Market

Sweden Construction Costs Rise 0.4% in August Amid Higher Electricity Prices

Sweden Construction Costs Rise 0.4% in August Amid Higher Electricity Prices

Swedes Report Decreased Satisfaction with Banks This Year

Swedes Report Decreased Satisfaction with Banks This Year

Fashion Trade Sales Rise for Third Consecutive Month

Fashion Trade Sales Rise for Third Consecutive Month

Powell's Rate Signal Influences Swedish Households Too

Powell's Rate Signal Influences Swedish Households Too

Asian Markets Rise Despite Weak China Data

Asian Markets Rise Despite Weak China Data

ANZ Bank Faces Record Fines for Bond Deal Misconduct

ANZ Bank Faces Record Fines for Bond Deal Misconduct

Trump Welcomes Foreign Investment and Workforce in the USA

Trump Welcomes Foreign Investment and Workforce in the USA

Government Boosts Support for Sweden's Regional Airports

Government Boosts Support for Sweden's Regional Airports

Klarna CEO: Embracing "Swedishness" as a Key Asset

Klarna CEO: Embracing "Swedishness" as a Key Asset

Handelsbanken Swish Payment Disruption Resolved

Handelsbanken Swish Payment Disruption Resolved

Government Proposes Increased Export Credit Guarantees for Swedish Companies

Government Proposes Increased Export Credit Guarantees for Swedish Companies