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Germany: Food inflation
  • Agricultural producer prices in June 2022 were 33.9% higher than in June 2021. The Federal Statistical Office (Destatis) reports that the increase compared to the same month of the previous year is thus slightly lower again. In May 2022, the rate of change was +35.6%, in April 2022 +40.0%. Compared to the previous month, prices fell by 1.9% in June 2022. Prices for crop products (+35.7%), as well as for products of animal origin (+32.8%) increased significantly compared to the same month of the previous year, although not as much as in May 2022 (+36 .9% and +34.7% respectively).

    The increase in prices for crop products this month is mainly due to grain prices. In June 2022, the increase in cereal prices was 59.3% higher than in the same month of the previous year. In May, the price increase was still 71.5%. Compared to the previous month, prices fell by 8.0%.

    Prices for fruits fell, for vegetables, potatoes and rapeseed rose

    Producer prices for fruits in June 2022 were 11.0% lower than a year ago. Price reduction was recorded for table apples from -16.2% and strawberries from -8.5%.

    For vegetables (+2.9%), in particular, prices for cauliflower (+36.2%) and asparagus (+35.2%) increased. In May 2022, asparagus prices were still 21.0% lower than the same month last year.

    Prices for table potatoes continued to rise in recent months: in June 2022, they increased by 116.1% compared to June 2021. In May 2022, the year-over-year change was +111.4%.

    The commercial rapeseed crop increased by 41.2% in June 2022 compared to June 2021. Thus, the trend of the last few months has continued, but not as much as recently. In May 2022, the previous year's change was +60.8%.

    Prices for animal products increased by 32.8%, and for milk - by 44.9%

    Prices for animal products in June 2022 were 32.8% higher than in June 2021. The price of milk in June 2022 was 44.9% higher than in the same month of the previous year; in May 2022, it amounted to +40.4% year-on-year. Egg prices rose 28.2% in June 2022 compared to the same month last year, due in part to higher energy, transport and packaging costs.

    Pet prices increased by 23.5% in June 2022 compared to June 2021. In May 2022, prices increased by 30.7% compared to the same month of the previous year. High prices here continue to manifest themselves, including as a result of the increase. Energy costs and feed prices.

    Cattle prices were 22.8% higher in June 2022 and pigs for slaughter were 19.5% higher than the same month last year.

    Poultry prices increased by 40.0% in June 2022 compared to June 2021, mainly due to the increase in chicken prices (+44.7%).