the cocktail that triggers the price of food

The impact of the long drought on crops, the prolonged price crisis, such as those of energy, which makes the entire value chain more expensive, and other factors such as the spread of avian flu in livestock herds have generated the perfect cocktail for Food prices continue to skyrocket. Food and non-alcoholic beverages became more expensive in October by 15.4% compared to the same month in 2021, a rise that represents a new record since 1994.

The question of why food follows its own inflationary path must be sought in the particularities of this chain subjected not only to global economic trends but also to the impact of weather and health on its productions. The greatest rise in consumer prices has occurred in sugar, with an annual rise of 42.8%. The second category of food that has risen the most has been that of fresh vegetables, with 25.7% per year, while fresh fruits registered increases of 12.8% per year. Eggs are now 25.5% more expensive than a year ago and the fourth most inflationary category in food has been milk (+25%) and in this case it is due to the increase in the price of feed (they have doubled in a year), together with energy costs have led to an increase in the value of the product throughout the entire chain, from the field to the table.

The product that has become more expensive has been sugar, with an annual rise of 42.8%

This basic shopping basket, that of fresh food that is purchased almost daily, will remain high in the coming weeks until Christmas. In these key weeks for the pocket of consumers, the price of these products "will stabilize but not decrease." This was stated a few days ago by the Minister of Agriculture, Fisheries and Food, Luis Planas, who assessed the inflation data for October, which has led to a rise in food of more than 15%, one of the highest rates in recent decades. Planas expects that in the coming months "there will be a moderation of food prices", and above all he has located the turning point of this escalation of food after Christmas. The minister anticipated that "it will be at the beginning of next year" when food "will decrease significantly."

They will do so as the inflation rate continues to ease (from 7.3% in October) because, sources from Agriculture indicate, the immediate transfer of inflation to food does not occur quickly.

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