Top 11 things whose price will explode in the coming months | mole

Top 11 things whose price will explode in the coming months |  mole

According to statements by Bruno Le Maire, Minister of the Economy, at the end of August: “We should not expect an improvement on the inflation front before the start of 2023”. That is said. The inflation in question could rise to 10% in supermarkets by the end of the year, from 7% today. For its part, the INSEE forecasts a net rise in inflation of 6.8% at the end of the year. When you know that the latter is the highest ever experienced since 1985, of course… We freak out. A brief overview of items that could cost you a lot more this year than usual.

1. Pasta

The favorite food of struggling students is no longer as cheap as it was a few months ago. This year, pasta has already experienced an inflation of more than 18% and it is not going to improve. According to Reuters, these products are likely to run out by the end of the year. Before reaching this stage of scarcity, prices will still skyrocket.

2. The baguette

In general, all direct (pasta, flour, biscuits) and indirect (poultry and pork) cereal-based products are experiencing high inflation. If we add to the explosion in the costs of raw materials those of energy and packaging, of course… Production costs skyrocket, and they are felt in the cash register. On average, the price of a baguette has increased by 4.5% in one year, going from an average of €0.89 to €0.93. These small increases are not going to go away any time soon. For its part, it is a blow to bakers who are forced to reduce their margins so as not to drive away customers. If they really postponed price increases on their sale items, then your baguette could cost you 30% more, or… €1.30. Much courage and love to all the bakers in France.

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3. Meat

The same occurs with meat, poultry and sausages, which experienced a jump of… 24.5%. Yes, it is huge. In Le Parisien, a Parisian restaurateur explained that he had been forced to increase the price of a steak by 5 euros. Duck prices are also skyrocketing, after the avian flu epidemic that decimated entire farms. Your Christmas foie gras could cost you two arms, half a leg and half your soul this year.

4. Oil

Already an increase of 15.7% on the oil price side. For sunflower oil, Ukraine and Russia typically provide 80% of world exports. Suffice it to say that right now, it’s a bit tense. The drought and heat wave this summer will not help olive oil. Mainly produced in Spain, the country’s Ministry of Agriculture refuses to divulge any estimates, but one analyst estimates for The Guardian that between a quarter and a third of production will be missing in the next harvest. Get ready, check-out will do us (very) bad damage. Across the border, prices have already risen.

5. milk

A brick of milk already cost 4.5% more than before the crisis. According to the economic director of the National Interprofessional Center for Dairy Economy, these increases will continue for a while. Heat waves and droughts follow one another, and cows have less and less fresh grass to eat. Inevitably, all dairy products are affected. Between June 2021 and June 2022, yogurts increased by 4.5%, butter by 9.8% and cheese by 5.2%.

6. Sparkling water

The price of a Perrier on the terrace is already very bad, but believe me, it could get even worse… In the absence of enough CO2, some companies have been forced to suspend the production of sparkling water. If the price of gas continues to rise (and it is very likely) and CO2 reserves are depleted, the product could become a scarce commodity. As with everything, when supply becomes much lower than demand, prices skyrocket. RIP small Perrier Get energized after eating.

7. coffee

This time, nothing to do with any geopolitical conflict. The real problem is simply climate change. Some speak of “heatflation” to define droughts, floods, episodes of frost,… and everything that can endanger crops. After the mustard shortage due to the Canadian drought, it gave way to coffee, of which about 30% of Brazilian crops were destroyed by frost or flood. News flash: the planet is in a bad state and this type of phenomenon could repeat itself over and over again. Be prepared to see the price of your espresso regularly hit all the scores.

8. The price of wood

Faced with the rise in the price of electricity (we will come back to this), individuals throw themselves into firewood. Result: prices are already skyrocketing, while the month of August is barely over. In Gironde, for example, the price of wood pellets has already increased by 100%. For its part, the so-called “classic” wood has already increased by 20%. Courage, winter promises to be hard.

The avalanche for private firewood is confirmed, in the face of inflation and the increase in energy prices, causing, in turn, an explosion in the prices of this type of heating.

Posted by France 3 Nouvelle-Aquitaine on Thursday, August 25, 2022

9. Electricity

We talked about it just above, one of the biggest current inflations is electricity. By January 2023, it should cost more than €1,000 per megawatt hour (MWh), up from €85 last year, in the same period, on wholesale markets. In bills, the increase is, for the moment, only reasonably felt, because the government has taken several measures to limit the increase in regulated prices for the sale of electricity. Today, the perceived increase is 4% on average, compared to the 20% initially announced. Recently, the Minister for the Economy, Bruno Le Maire, tried to reassure the French by indicating that “The 4% cap will be maintained until the end of 2022, there will be no recovery of this cap in 2023, and the increases mentioned by the President of the Republic and the Prime Minister will be contained increases.“. On the other hand, we have no further information on the rate of “these contained increases”. Still according to the Minister, no scenario foresees “double-digit inflation in France”, but we should not expect an improvement in this before the start of 2023.

The situation, already tense, does not improve. In France, at the moment, only 24 of EDF’s 56 nuclear reactors are operational, mainly due to a corrosion problem. Result: French electricity production is at a historically low level.

The French are currently protected by the tariff shield, in force until the end of the year. But after ?

Posted by Le Parisien on Sunday, August 28, 2022

10. Gasoline

In the case of gas, it is difficult to position oneself, although its price currently exceeds 300 euros per megawatt/hour. Still according to Bruno Le Maire, “Everything will depend on Vladimir Putin’s decisions on gas. If he ever decides to cut off gas for the EU and the euro zone, we assess the impact on growth, for France alone, at half a point of GDP. » At the moment, gas prices are frozen and do not increase. Without this freeze, the Regulated Sales Rate (TRV) would have increased by 26.8% including taxes (that is, an increase of 105.10% in one year). The price freeze will remain until the end of 2022. And then? Fingers crossed that you don’t have to squeeze your ass too hard.

11. The price of the toll

This time, it was Clément Beaune, Minister of Transport, who spoke on the subject in the columns of the JDD at the end of July. In his words, “it is inconceivable that there will be a rise next February of 7% or 8%. On the other hand, it is important to point out that the contract that links the highway companies with the State includes “a formula for the annual revaluation of tolls taking inflation into account.” If in February 2022 the increase was 2%, it would not be surprising if in February 2023 it was 4 or 5%. Le Figaro tried to find out more, and the motorway companies refused to answer, which, let’s say, is not to reassure us.

The Government is already beginning to put pressure on highway companies so that they do not increase motorists’ bills too much.

Posted by Le Figaro on Friday, August 5, 2022


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