Food prices in Germany projected to soar ...News

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Food prices in Germany projected to soar
The worst is yet to come for German households, an Allianz Trade report says Prices for food in German grocery stores will keep growing and are set to surge another 10% this year, Germany’s Handelsblatt newspaper reported on Sunday, citing the latest analysis by international insurance company Allianz Trade. In monetary terms, the surge will reportedly total €250 per person per year. The latest price hikes are attributed to the increasing costs of energy, raw products and production goods. “High inflation and post-pandemic declines in in-store grocery sales are putting pressure on grocery retail profitability,” Au

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