Food industry sales prices continue to rise solidly

In September 2022, food industry sales prices were on average 22% higher than a year earlier. Leading this price rise was the flour industry at 35%. In the slaughterhouses and meat products industry, prices were 26.6% higher. The lowest price growth in the food industry was measured in the bread and pasta industry. Domestic output prices rose slightly more than export prices in September. This is according to an analysis of recent CBS figures by our economic editors.

Sales prices four industries grow faster than average

With an increase of almost 35 per cent, flour prices rose most strongly within the food industry in September. Notable here was the difference between price growth in the domestic (+40.0 per cent) and foreign (+31.3 per cent) sectors. Also higher than average were the September prices of the animal feed industry (+29.0 percent), edible oils and fats industry (+27.0 percent) and the slaughterhouses and meat products industry (+26.6 percent). Clearly below the average price rise in the food industry were the bread and pasta industry (+8.7 per cent) and the fruit and vegetable processing industry (+15.8 per cent). Price development in the fish processing industry (+21.8 per cent) and the dairy industry (+21.6 per cent) edged close to the average price rise in the food industry.

In the first nine months of 2022, prices in the food industry rose by an average of 20.2 per cent compared to the same period last year. In the edible oil and fats industry, sales prices rose the hardest in this period (+32.4 per cent).

Price rise in petroleum industry by far the highest 

In September, output prices in the total industry rose by an average of 22.9 per cent. Slightly more than the price rise in the food industry (+22.0 per cent). By far the highest growth in September was in the sales prices of the petroleum industry (+63.6 per cent), the lowest in the tobacco industry (+0.4 per cent).