Sweden Tackles Rising Food Costs: Government Meets with Industry Leaders

Today, the food giants are summoned to a new meeting with the government. A similar meeting was held two years ago. The Swedish Consumers see no clear result since then and are demanding investments for the most vulnerable.

» Published: March 20 2025

Sweden Tackles Rising Food Costs: Government Meets with Industry Leaders
Photo: Björn Larsson Rosvall/TT

Finance Minister Elisabeth Svantesson (M) and Rural Affairs Minister Peter Kullgren (KD) have summoned actors from the food chain due to the increasingly expensive food.

In March 2023, Svantesson summoned Ica, Coop, and Axfood. Food prices had then increased by 20 percent in one year.

But the General Secretary of the Swedish Consumers' Association, Johanna Hållén, sees no clear result since the last meeting.

Although the price increases were dampened for a period, it is difficult to say what it depended on. What is serious is that they have taken off again and are expected to increase in the coming years.

Those with high incomes can offset the increase by changing their consumption pattern – compared to low-income earners who already buy low-price products today, Hållén believes. She therefore wants to see measures for groups with low incomes.

Those who are vulnerable today will become even more vulnerable, says Hållén.

Proposed measures

In connection with the previous meeting, the Competition Authority was tasked with examining the industry.

In its report from June 2024, the authority notes that consumers have had to pay more for many goods than was justified, and that the situation would not have arisen with well-functioning competition.

They also came up with a number of proposals to the government on how to improve competition. Among other things, about reviewing the Planning and Building Act (PBL) to make it easier to establish new stores in the municipalities.

At the Competition Authority, they are satisfied with how the government has acted.

We have noted that the government has given an assignment to the National Board of Housing, Building and Planning regarding PBL and how it can facilitate the entry of stores. So we see that positively, says Arvid Fredenberg, chief economist at the Competition Authority.

"It takes time"

He also notes that changes are underway in how actors have collaborated on product launches.

The collaboration regarding launch windows for products has been terminated by the daily goods suppliers' association and will be abolished. That is also positive.

The authority has also proposed a tightening of the Competition Act to counteract acquisitions that reduce competition at the local level, but which the government has not yet taken a stance on.

Fredenberg emphasizes that it takes time before the measures are noticed in the stores.

Not much has happened since we published our report. There are still deficiencies in competition, and it takes time before they disappear, he says.

Tags

TTT
By TT - Translated and adapted by Sweden Herald under license from TT

More news

Apple Flies 600 Tons of
1 MIN READ

Apple Flies 600 Tons of iPhones to US to Dodge Tariff Hike

Trump Urges China to Initiate
2 MIN READ

Trump Urges China to Initiate Trade Talks as Tensions Persist

Easter Food Prices Rise, but
3 MIN READ

Easter Food Prices Rise, but Discounts Offer Savings Opportunities

EU Approves Alzheimer's Drug Lecanemab
1 MIN READ

EU Approves Alzheimer's Drug Lecanemab for Sale

Canada Eases Tariffs on Certain
1 MIN READ

Canada Eases Tariffs on Certain U.S. Vehicle Imports

Government Seeks Approval for Saab's
1 MIN READ

Government Seeks Approval for Saab's Jet Sales to Denmark and Peru

Wall Street Dips as Boeing
2 MIN READ

Wall Street Dips as Boeing Shares Slide Amid Trade Tensions

Wall Street Opens Steady; Boeing
1 MIN READ

Wall Street Opens Steady; Boeing Drops 2% on Trade Tensions

Hermès Surpasses LVMH as France's
1 MIN READ

Hermès Surpasses LVMH as France's Top Valued Luxury Brand

German Investor Confidence Plummets as
1 MIN READ

German Investor Confidence Plummets as Tariffs Threaten Recovery

Freight Volumes Drop 9.7% in
1 MIN READ

Freight Volumes Drop 9.7% in Chinese Ports as Trade Tensions Rise

Economists Critique Spring Budget as
2 MIN READ

Economists Critique Spring Budget as Outdated Amid Tariff Challenges

Government Cautions on Economic Risks
3 MIN READ

Government Cautions on Economic Risks and Uncertain Recovery

Avanza Posts Record Profit Despite
1 MIN READ

Avanza Posts Record Profit Despite Stock Market Volatility

Scandic Hotels Anticipates Strong Summer
1 MIN READ

Scandic Hotels Anticipates Strong Summer Demand

Spring Budget Offers Limited Relief
3 MIN READ

Spring Budget Offers Limited Relief for Household Finances

Ericsson Leads Stockholm Stock Exchange
1 MIN READ

Ericsson Leads Stockholm Stock Exchange with 7.9% Surge

Spring Budget Allocates 11.5 Billion
1 MIN READ

Spring Budget Allocates 11.5 Billion Kronor for Key Investments

Spring Budget Faces Uncertainty Amid
3 MIN READ

Spring Budget Faces Uncertainty Amid Global Economic Concerns

Japanese Car Giants Boost Asian
1 MIN READ

Japanese Car Giants Boost Asian Stock Markets After Tariff Pause News

Inflation and Unemployment Concerns Rise
1 MIN READ

Inflation and Unemployment Concerns Rise Among U.S. Households

US Probes Tariffs on Medicine
1 MIN READ

US Probes Tariffs on Medicine and Semiconductor Imports

Fed's Waller: Inflation from Tariffs
1 MIN READ

Fed's Waller: Inflation from Tariffs Expected to Be Temporary

Trump Considers Temporary Tariff Relief
1 MIN READ

Trump Considers Temporary Tariff Relief for Car Manufacturers

LVMH Shares Drop 6% After
2 MIN READ

LVMH Shares Drop 6% After Larger-Than-Expected Sales Decline

Nvidia to Begin AI Supercomputer
1 MIN READ

Nvidia to Begin AI Supercomputer Production in the USA

IMF Urges Larger Financial Buffers
2 MIN READ

IMF Urges Larger Financial Buffers in Response to Tariff Shock

Wall Street Closes Higher as
2 MIN READ

Wall Street Closes Higher as Tech Stocks Lead Gains

Liseberg Faces Strike Threat Over
1 MIN READ

Liseberg Faces Strike Threat Over Part-Time Overtime Pay Dispute

Goldman Sachs Thrives in Q1
1 MIN READ

Goldman Sachs Thrives in Q1 Despite Market Turbulence

Government Boosts Electric Car Scrappage
2 MIN READ

Government Boosts Electric Car Scrappage Premium to 25,000 Kronor

China's Gold Trade Surges as
1 MIN READ

China's Gold Trade Surges as US-China Tensions Rise

Swedish Exporters Face Uncertainty Amid
3 MIN READ

Swedish Exporters Face Uncertainty Amid Trump's Tariff Impact

Crown Nears Three-Year High Against
1 MIN READ

Crown Nears Three-Year High Against Dollar as Trade Tensions Rise

PlayStation 5 Price Rises 25%
1 MIN READ

PlayStation 5 Price Rises 25% in Europe Due to Economic Challenges

Inflation Expectations Surge to 2.3%
1 MIN READ

Inflation Expectations Surge to 2.3% in Sweden, Survey Shows