Top 11 Things That Will Skyrocket in Price in the Coming Months | Topito

According to Economy Minister Bruno Le Maire’s statements at the end of August: “We should not expect an improvement on the inflation front before early 2023”. That’s said. The inflation in question could rise to 10% in supermarkets by the end of the year, compared to 7% at the moment. For its part, INSEE forecasts a net recovery in inflation of 6.8% by the end of the year. Of course, if you know that the latter is the highest ever seen since 1985… We’re freaking out. A quick look at the items that could cost you a lot more than usual this year.

1. Pasta

The favorite meal of struggling students is no longer as cheap as it was a few months ago. Pasta has already seen over 18% inflation this year and it’s not getting any better. According to Reuters, these products are likely to be phased out by the end of the year. Before this stage of shortage is reached, prices will explode.

2. The baguette

Overall, all direct (pasta, flour, biscuits) and indirect (poultry and pork) grain-based products are suffering from high inflation. If you add energy and packaging to the skyrocketing raw material costs… The production costs are skyrocketing and are noticeable at the checkout. On average, the price of a baguette has increased by 4.5% in one year, from an average of €0.89 to €0.93. Those small increases aren’t going away anytime soon. In turn, it’s a blow to the bakers, who are being forced to reduce their margins to avoid driving away customers. If they really postponed the price increases for their products on sale, your baguette could cost you 30% more, or… €1.30. Much courage and love to all bakers in France.

(Source)

3. Meat

The same is true for meat, poultry and sausages, which saw a 24.5% increase. yes it is huge In Le Parisien, a Parisian restaurateur explained that he had been forced to increase the price of a steak by 5 euros. Duck prices are also rising after the bird flu epidemic decimated whole farms. Your Christmas foie gras could cost you two arms, half a leg and half your soul this year.

4. Oil

Already 15.7% increase on the oil price side. As for sunflower oil, Ukraine and Russia typically provide 80% of world exports. Suffice it to say, things are a little tense at the moment. This summer’s drought and heatwave won’t help them put olive oil aside. Produced primarily in Spain, the country’s agriculture ministry declined to give an estimate, but an analyst for The Guardian estimates between a quarter and a third of production will be missing in the next crop. Be prepared, the cash register will harm us (very) badly. On the other side of the border, prices have already gone up.

5. Milk

A brick of milk already costs 4.5% more than before the crisis. According to the economics director of the National Interprofessional Center for Dairy Economics, these increases will continue for a while. Heat waves and droughts follow one another, and the cows have less and less fresh grass to eat. Inevitably, all dairy products are affected. Between June 2021 and June 2022, yogurts rose 4.5%, butter rose 9.8%, and cheese rose 5.2%.

6. Mineral water

The price of a Perrier on the patio is already bad, but believe me, it could get worse… Due to the lack of CO2, some companies have been forced to stop producing sparkling water. If the price of gas continues to rise (and it is very likely) and CO2 supplies are depleted, the product could become a scarce commodity. As with anything, when supply becomes much less than demand, prices rise. RIP little Perrier energy after eating.

7. Coffee

This time nothing to do with a geopolitical conflict. The real problem is simply climate change. Some speak of “heat flation” to define droughts, floods, freeze episodes, and so on. And pretty much anything that can jeopardize the harvest. After the mustard shortages caused by the Canadian drought, make way for coffee, about 30% of Brazil’s crops have been destroyed by frost or flooding. Newsflash: The planet is in bad shape and this type of phenomenon could happen again and again. Be prepared for the price of your espresso to hit all the points regularly.

8. The price of wood

Faced with the increase in electricity prices (we will come back to this), people rush to firewood. Result: Prices are already exploding, while the month of August is barely over. In the Gironde, for example, the price of wood pellets has already increased by 100%. For its part, the so-called “classic” wood has already increased by 20%. Courage, the winter promises to be tough.

The rush for private firewood is confirmed in the face of inflation and the rise in energy prices, which in turn leads to an explosion in the price of this type of heating.

Posted by France 3 Nouvelle-Aquitaine on Thursday August 25th, 2022

9. Electricity

We were just talking about this, one of the biggest current inflations is in electricity. By January 2023, it is expected to cost more than 1000 euros per megawatt hour (MWh) on the wholesale markets, compared to 85 euros in the same period last year. The increase is only marginally noticeable on the bills at the moment because the government has taken various measures to limit the rise in regulated prices for electricity sales. Today, the perceived increase averages 4%, compared to the 20% originally announced. Recently, Economy Minister Bruno Le Maire tried to reassure the French by pointing this out “The 4% cap will be maintained until the end of 2022, this cap will not be caught up in 2023 and the increases mentioned by the President of the Republic and the Prime Minister will be limited increases“. On the other hand, we have no further information on the rate of “these limited increases”. According to the minister, no scenario calls for “double-digit inflation in France”, but we should not expect an improvement here before early 2023.

The already tense situation is not improving. In France, only 24 of EDF’s 56 nuclear reactors are currently operational, mainly because of a corrosion problem. Result: French electricity production is at a historically low level.

The French are currently protected by tariff protection, which is in place until the end of the year. But after that ?

Posted by Le Parisien on Sunday August 28, 2022

10. Gasoline

It is difficult to position oneself with gas, even if the price is currently over 300 euros per megawatt hour. Still according to Bruno Le Maire, “Everything will depend on Vladimir Putin’s gas decisions. If he ever decides to cut gas for the EU and the Eurozone, we estimate the impact on growth at half a point of GDP for France alone. » At the moment gas prices are frozen and not rising. Without this freeze, the Regulated Selling Rate (TRV) would have increased by 26.8% including tax (ie 105.10% increase in one year). The price lock will be maintained until the end of 2022. And then? Cross your fingers so you don’t have to squeeze your ass too hard.

11. The price of the toll

This time it was Clément Beaune, Transport Minister, who spoke on the subject in the JDD columns at the end of July. In his words: “It is inconceivable that next February there will be a 7% or 8% increase. On the other hand, it must be pointed out that the contract that binds the motorway companies to the State contains “a formula for the annual revaluation of tolls taking into account inflation”. If the increase was 2% in February 2022, it wouldn’t be surprising if it was 4 or 5% in February 2023. Le Figaro has tried to find out more, but the motorway companies have refused to answer, which is not to, shall we say, reassure us.

The government is already beginning to put pressure on the motorway companies so as not to increase the bill for drivers too much.

Posted by Le Figaro on Friday August 5th, 2022

Kaddouri Ismail

I am Ismail from Morocco, I work as a blogger and online marketer. I am also the founder of the “Mofid” site, in which I constantly publish many important articles in the field of technology, taking advantage of more than 5 years of experience working in the field. I focus on publishing in a group of areas, the most important of which are programming, e-marketing, digital currencies and freelance work.

Related Articles

Leave a Reply

Your email address will not be published.

Back to top button