Food industry output prices stabilise

In the food industry, output prices went up by 22.1 per cent on average in August. Since April this year, price increases in the food industry have more or less stabilised. Thus, food industry price increases fluctuated between +21.7 per cent in April and +22.9 per cent in July. For the first time in months, output prices of the flour industry rose faster than prices of the edible oil and fats industry in August. This made the flour industry the food industry with the highest price increase in August. Overall, food industry output prices rose 19.9 per cent in the first eight months of this year. This is according to an analysis of recent CBS data by our editors.

Fish processing industry makes sharp price jump 

Output prices of the fish processing industry are on a steep climb. At the beginning of this year, prices rose by 6.3 per cent and in August the price increase was already 24 per cent. Notable here was the sharp price jump in August from +19.5 in July to 24.0 per cent in August. So far this year (January-August), fish processing prices rose 14.3 per cent.

Lowest price rise in bread and pasta industry 

The only industry within the food industry without a double-digit price rise in August is the bread and pasta industry, Output prices here went up by 'only' 8.8 per cent compared to August last year. The rate of increase has been steadily increasing since the beginning of this year, though: in January this year, sales prices of bread and pasta rose by only 4.3 per cent. Over the entire January-August 2022 period, bread and pasta industry output prices rose by an average of 6.6 per cent.

Relatively low was also the rise in output prices in the fruit and vegetable processing industry in August (+15.5 per cent). In the first eight months of this year, output prices in this industry rose by an average of 12.7 per cent compared to the same period a year earlier.

Above-average price increases

In August, output price growth was above average in the following branches of the food industry:

• Flour industry (+32.2 per cent)
• Edible oils and fats industry (+30.8 per cent)
• Animal feed industry (+30.0 per cent)
• Butchers and meat products industry (+24.2 per cent)
• Fish processing industry (+24.0 per cent)
• Dairy industry (+22.0 per cent)