Food will cost more this year – survey ...News

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Stores and suppliers will reportedly continue passing rising costs on to consumers Shoppers around the world will have to pay even more for groceries this year than they did in 2022, Reuters reported on Wednesday, citing retailers, consumer goods firms and investors. The report indicated that tough price negotiations have been unfolding between retailers and consumer goods producers for more than a year now, “with friction beginning in 2021 over Covid-related supply chain logjams.” The situation worsened in 2022 as the skyrocketing prices of basic foodstuffs have exacerbated a cost-of-living crisis in the EU and t

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