Output prices poultry slaughter­houses highest

In the first 11 months of 2022, food industry output prices rose by an average of 20.5 percent. Leading the way are poultry slaughterhouses, which increased by a whopping 32.1 percent during this period. Bread and pasta industry products increased the least in price (+8.2 percent). This is according to an analysis of recent CBS data by our editors.

Food industry price rose more than 20 percent since April

In the first quarter of last year, the average price rise in the food industry remained below 20 per cent. Since April, however, food products became at least 20 per cent more expensive every month compared to the same month a year earlier. The highest price rise dates back to July last year when industry-produced food products became 23.2 percent more expensive. Recently, CBS published the November figures: these figures show that food industry products were 21.3 percent more expensive then compared to November 2021.

Slaughterhouses and meat products industry almost a quarter more expensive in January-November period

Output prices of the slaughterhouses and meat products industry rose 24.1 percent in price in the first 11 months of 2022. The highest price increases were for poultry slaughterhouses, which increased 32.1 percent in price during the period, while non-poultry slaughterhouses became 23.8 percent more expensive. Output prices of meat processing plants increased the least (+17.1 percent). From July, however, meat processing prices have been on a steep rise. While prices went up 16.2 percent in June, they were already +27.7 percent in November.      

Differing price developments in fruit and vegetable processing industry

Output prices of the total fruit and vegetable processing industry rose by 14.9 percent in the January-November period. Price developments within this segment of the food industry were quite diverse. For instance, prices of the potato products industry rose by 20.9 percent and fruit and vegetable juice industry by 11.5 percent. In November, prices peaked: potato products industry +30.7 percent and fruit and vegetable juice industry +21.2 percent.

Clearly above-average price increases

In the edible oils and fats industry, prices rose 30.1 percent in the January-November 2022 period, well above the average price increase in the food industry of 20.5 percent.  The basis for the high price rise was laid in the February-August period when price growth was well above 30 percent every month, topping June 2022 when the price rise was 37.4 percent. In November, price growth was already a lot more modest: + 19.5 percent.

Output prices of the flour industry (+28.3 percent) and animal feed industry (+29.6 percent) were also above average in the January-November 2022 period. Below-average prices of fish processing industry (+16.2 percent), dairy industry (+17.8 percent) and bread and pasta industry (+8.2 percent) increased.