New barrage of price increases in basic goods – Ominous forecasts for the new year


The barrage of price increases in basic goods and products that started in September, has turned into a “tsunami” of precision that hits the Christmas table and creates unfavorable conditions for households, at least for the first months of 2022.

The rise in energy costs has forced many companies, in order to cope with the increased operating costs, to proceed with price increases of their products, for at least four months. The “phenomenon” of price increases, which is reinforced by the strong rise in inflation, is obviously not current. The worry is that it is constantly expanding and given that the energy crisis is hitting its zenith, the chances of a possible “de-escalation” of prices in basic necessities and food, are minimal.

Consumers are faced with the new “wave of precision” in their shopping and shopping, in anticipation of the Christmas holidays. There is an increase of up to 25% in basic goods, while the same picture – possibly even worse – is expected to prevail in the first months of 2022. The data, as shown by a recent study by the Consumer Institute, show in a relief way the rapid increase in prices of basic food items and more.

For example, oil, according to INKA, has increased by 22% and meat from 20% to 25%. Greek feta, from 8.10 euros that cost in 2020, “climbed” to 9.80 euros in 2021. Also, rice from 0.90 euros that cost the wholesale market in 2020, reached 1.10 euros in 2021 and retail sale 2.60 euros.

Also according to the Consumer Institute

  • Beans wholesale market from 1.10 in 2020 to 1.30 in 2021 and retail sale 2.50 euros.
  • Lentils wholesale market from 0.90 euros in 2020 to 1.10 euros in 2021 and retail sale 2.50 euros.
  • Chickpeas wholesale market 1.70 in 2020 to 1.95 euros in 2021 and retail sale 3.20 euros.

At the same time, based on the INKA study, the prices of electronic-electrical items skyrocketed by up to 100%, while the building materials also increased by up to 50%.

“Launch” of energy accuracy

Recall that in November, according to ELSTAT data, energy accuracy hit “red” in November.
The numbers are revealing. Natural gas jumped to 180.9% compared to November 2020, while electricity recorded an increase of 37.8% compared to last year. Also, the price of heating oil is moving upwards by 45.2% depending on 2020.

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