Output prices industry up by nearly 21 percent

The average growth rate of output prices in the total industry was 20.9 percent in November. Output prices in the petroleum industry rose by no less than 92.7 percent and in both the chemical and the basic metal industries by more than 45 percent. The increase in sales prices in the food industry (+10.9 percent) remained well below the average price increase in the industry. In the pharmaceutical industry (+0.8 percent), output prices petered out in November. This is shown in an analysis of recent CBS figures by our editors.

Food retail prices remain at record level 

Output prices in the Dutch food industry rose by 10.9 percent in November last year. Last October, too, food output prices rose by double figures (+10.6 percent). Double-digit increases are unprecedented in the last ten years. Output prices in the Dutch food industry rose sharply in November, both at home and abroad. Output prices in the domestic market in particular went up (+13.3 percent). With increases of more than 25 percent, slaughterhouses and the edible oils industry led the price increase in November. The increase in output prices of the total industry was almost twice as high as that of the food industry in November. 

Slaughterhouses and food industry more than a quarter more expensive in November 

With the exception of the cocoa and chocolate industry (-0.2 percent), all branches of the food industry saw their sales prices rise in November. The biggest increases were recorded in the food industry (+27.0 percent) and in slaughterhouses, not poultry (+25.4 percent). Poultry slaughterhouses followed with a price increase of 15.3 percent. Output prices rose the least in the bread and pasta industry (+0.4 percent), the fruit and vegetable processing industry (+1.1 percent), the fish processing industry (+3.9 percent) and the meat processing industry (+5.2 percent). 

Prices to domestic clients especially up in November

Output prices of the Dutch food industry rose considerably faster at home (+13.3 percent) than abroad (+8.7 percent). The biggest difference in November was seen in slaughterhouses, where prices for domestic customers rose by no less than 35.3 percent and for foreign customers by "only" 18.6 percent. In the sugar industry, on the other hand, November selling prices rose more abroad (+8.7 percent) than at home (+3.3 percent).