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Slovaks are already desperate in stores. This is how prices jumped compared to last year (food list) TVNOVINY.sk – TVNOVINY.sk

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The increase in prices does not subside even after months. On the contrary. Current data show that January’s eight-percent inflation jumped to almost twelve percent in April. Analysts point out that we have not experienced this in Slovakia since the beginning of the century. On Friday, the statistical office published the development of prices of goods and services in April. In a year-on-year comparison, prices rose by as much as 11.8 percent, which represents a further and significant acceleration in the rate of rise compared to the previous months. Compared to last April, although prices in transport or gastronomy became the most expensive, Slovaks are most bothered by food prices. Globally, they have grown by almost 14 percent. Zákaz Shoppers paid more for oils and fats (29.8%), vegetables (26.2%), bread and cereals (16.4%), milk, cheese and eggs (13.0%) and meat ( 12.0%). In practice, this means that while Slovaks and Slovaks bought food for 100 euros in April 2021, in April 2022 it was almost 114 euros, “said Eva Sadovská, an analyst at WOOD & Company. According to experts, the rising price of oil, energy and agro-commodities on the world market is the main reason for the rise in prices. “Plus, the raw material crisis is also adding, which is pushing up the prices of insufficient production inputs, such as chips, plastics, metals or building materials,” added 365th Bank analyst Jana Glasová. However, the forecast for the coming months looks worse than the current situation. High oil and energy prices, which have risen sharply as a result of the war in Ukraine, will push inflation upwards. The war raises concerns about the shortage of these energy commodities on the market and leads to their significant increase in price. There is also an EU embargo on Russian oil imports, which is pushing up oil market prices even more. “Expensive food will also bother us during the year. We expect food prices to continue to rise at a strong double-digit rate in the coming months. The rise in food prices could start to moderate later in the second half of the year, “Glasová explained. Many are already looking for promotions and discounts High inflation and the associated rising prices are also changing the consumer behavior of Slovaks. Seven out of ten have confirmed that they buy less consumer goods than they did last year because of the high prices. At the same time, up to 80 percent of Slovaks currently buy more in promotions and discounts compared to the past. If Slovaks are already canceling some purchases for inflation, it is most often in the case of holidays and also when buying a car. Concerns about further price increases, on the other hand, have accelerated, for example, the purchase of equipment to boost energy self-sufficiency. “The greater financial burden and thus the greater pressure on domestic budgets is forcing many households to look for cheaper alternatives when shopping. It turned out that up to eight out of ten respondents are currently more than ever focused on buying products and goods that are offered at a discount or in action in stores or e-shops, ”said Market analyst Jaroslav Ondrušek, a market analyst. Only three percent of people do not limit themselves in this direction.

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