Svantesson Urges Shared Responsibility to Tackle Rising Food Prices

Everyone needs to take responsibility for food prices not continuing to skyrocket, says Finance Minister Elisabeth Svantesson (The Moderate Party), after the meeting with representatives from the food industry. But she does not believe that all goods will become cheaper.

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Svantesson Urges Shared Responsibility to Tackle Rising Food Prices
Photo: Jessica Gow/TT

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The Minister of Finance emphasizes that the government is doing everything to facilitate for consumers through reduced taxes and increased real wages. At the same time, she thinks that food companies can be more transparent in their pricing. But she does not agree that food retailers are taking advantage of households.

My image is that it's tough for very many. Some retailers have it significantly better than others. Many others in rural areas and the countryside have it pretty tough. In the challenge we have, we need to help each other, says Svantesson.

Will food prices become cheaper?

I absolutely believe they will. Especially if we improve competition. There are all the prerequisites. But inflation is dampened. It's not as high as before, which means that prices are not increasing at the same rate.

But will all goods become cheaper. No, they won't, she says.

Rural Affairs Minister Peter Kullgren (KD) thinks it's good to have this type of discussion about food prices with the food industry.

In this meeting, we also took a broader perspective. For food prices are not just food stores. It's not just the producing food companies and not just the farmers. The entire chain is connected.

A foundation for having stable prices in the future is also, as many signaled, that we need to produce more food in Sweden, he says.

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

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