Prices, from bread to seed oil: the top ten in price increases

From + 63.5% of seed oil which is becoming unavailable to + 8.4% of bread, the expensive energy fueled by the war infects the prices in the shopping cart with increases that hit companies and consumers’ tables hard. This is what emerges from the study by a Coldiretti who drew up a black list of the increases on the shelf on the basis of Istat inflation surveys in April 2022, on the eve of the Cibus. If the prices of food and drinks have increased by an average of 6.3%, the top of the ranking of increases are seed oils, especially sunflower oils – underlines Coldiretti – which is affected by the conflict in Ukraine which is one of the main producers and had to interrupt shipments due to the war, while in second place is flour, with prices rising by 17.2% driven by increases in wheat, and in third place for butter (+ 15.7%). Double-digit increases – continues Coldiretti – also for pasta (+ 14.1%) with the rush to shop in supermarkets to stock up, followed by chicken meat (+ 12.2%) and fresh vegetables (+ 12%) . Following in the ranking of increases – specifies Coldiretti – there are seafood with + 10.2%, ice cream at + 9.5%, eggs with + 9.3%, while bread, which costs 8.4% more than last year. Dynamics that – underlines Coldiretti – are also the result of the fact that the war has changed the composition of the shopping cart marked by emotional behaviors that have prompted many to stock up on products in the pantries, for fear of not finding them on the shelf. In fact, the purchase volumes of some categories of products such as sugar, semolina pasta, flour, rice and seed oil have increased, but also of canned vegetables, legumes, meat and fish which guarantee a longer shelf life. If prices for families run, the increase in costs hits the entire agri-food chain hard, starting from the countryside where there are cost increases ranging from + 170% of fertilizers to + 90% of feeds to + 129% for diesel with increases in current costs of over 15,700 euros on average but with peaks of over 47 thousand euros for dairy farms and peaks of up to 99 thousand euros for chicken farms, according to the study by Crea. A tsunami that has hit farms in an avalanche with increases in the purchase of fertilizers, packaging, diesel, tools and machinery that are putting the balance sheets of farms in crisis. “It is necessary to work immediately for supply chain agreements between agricultural and industrial companies with precise qualitative and quantitative objectives and fair prices that never fall below the production costs as required by the new law to combat unfair practices and speculation” says the president of the Coldiretti Ettore Prandini in underlining that “immediate action must be taken to contain expensive energy and production costs with immediate interventions to save companies and stables and structural measures to plan for the future”