The price of chocolate, dairy products, and coffee is what has driven prices up, says Ulf Mazur, CEO of Matpriskollen.
The survey includes fifteen products that are best-sellers until New Year's. One of these is coffee, which has become 19 percent more expensive during the year. The price of whipped cream and chocolate has also skyrocketed, with almost 13 percent.
The explanation is spelled supply and demand.
Not Seen the End
There is generally a high demand for fatty products such as butter, cream, and cheese, while too little milk is being produced, creating upward pressure on prices. The price picture is also affected by costs for climate investments and packaging fees that have been added.
We have not seen the end yet, says Mazur, who predicts that prices of dairy products will continue to rise after New Year's.
The same applies to the price of coffee and cocoa beans, where there is an underlying world market price that drives up the price picture. Drought and unfavorable weather conditions have affected production, while demand remains high. Due to delays in the system, we can expect even higher prices around February/March, according to Mazur.
Chocolate is soon becoming a hard currency, so be grateful if you get a chocolate box as a gift for New Year's, he says.
Moderate Increase
When it comes to other products in Matpriskollen's compilation, the picture is more positive. Overall, prices of the fifteen products have increased by 1.4 percent during the year. Moderate, compared to the price increase of around 30 percent on the same basket of goods that has occurred since inflation took off at the beginning of 2022.
The fact that it stays at 1.4 percent during the past year is because expensive products like fish and shellfish have fallen in price and that beef fillet has increased very little, says Ulf Mazur.
Matpriskollen has also investigated the price of pizza, something that many New Year's celebrants usually demand on January 1.
If we look three years back in time, the price increase of pizza up until today is 27 percent. But during the last year, there has been no price increase at all, says Mazur.
Maria Stensson/TT
Facts: Examples of price changes 1 Dec 2023 vs 1 Dec 2024
TT
White Chocolate 100 g, Fazer +12.6 percent
Brewing Coffee Medium Roast 500 g, Arvid Nordquist + 19 percent
Vacuum-packed Lobster 300 g, Cashelmara -2.1 percent
Frozen Prawns 80 g, Pandalus -0.7 percent
Selected Beef Fillet 2 slices 300 g, Scan +0.8 percent
Large Prawns in Lake 400 g, Falkenberg -0.6 percent
Cod Fillet 420 g, Royal Greenland - 2 percent
Whipped Cream 40% 300 ml, Arla + 12.8 percent
Västerbottensost Cheese 150 g, Västerbottensost +6.1 percent
Source: Matpriskollen
