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Shopping prices are rising: List of the most expensive products

2024 was a complex year for the global economy, with a steady decline in growth rates, but also some inflationary dynamics that directly affected Italians’ daily spending. The Data released by IsmeaPublished on November 27, 2024 and related to the third quarter of the year, Paint A Features from the framework price increase Many food products, including meat, milk, oil and grains, have a significant impact on the family budget.

Because food prices are constantly increasing.

In 2024, The global economy faced a slowdown. Services also recorded more limited growth than in previous years. Additionally, geopolitical tensions in the Middle East and Russia have taken a toll. Direct impact on price fluctuations A further increase in energy-related costs of energy commodities, which are a key factor driving price increases in other sectors as well. Moreover, despite an overall slowdown in inflation, in some key sectors including agriculture Significant increase in production and selling costsDue to a combination of factors, including scarcity of raw materials, rising energy costs and climate change-related difficulties. This has put pressure on consumer prices, which in turn has increased the prices of food products such as meat, milk, oil and grains.

How much have the prices increased in the supermarket?

Food market and consumer price trends are, of course, reflected in grocery prices, which in 2024, in Italy continued to experience significant growthReflects the wave of inflation that has affected many sectors, especially the food sector. According to Ismea data, the prices of food and agricultural products were recorded in the third quarter of 2024. An overall increase of 6.3 percent compared to the previous quarter.

between the Food products are the most affected.the Carne Slaughter calf prices saw substantial growth with a 6% increase, while cow and calf prices increased by 4.9% and 0.8% respectively. Besides that lie down An increase was recorded, although Pecorino Romano prices, after peaking in 2023, have started to show a slight decline. As far as oil prices are concerned.Olive oil They maintained a high level, although slightly below the previous year’s peaks, due to a lack of production linked to the drought in Italy.

In general, Italian consumers have found themselves dealing with rising prices of everyday food items, Including bread and pastawith a significant impact on the family budget. Although inflation is decelerating in some sectors, the food sector is particularly affected by a number of factors, including energy costs, shortages of certain agricultural raw materials and production constraints at the national and global levels. .

Price trends in the agri-food sector

In the third quarter of 2024, Ismea has a 6.3 percent increase in agricultural prices compared to the previous quarter. A figure that reflects a general increase, particularly in the prices of plant products. These include oil and ghee prices, which have recorded a significant increase, and dairy product prices, which are also increasing strongly.

Regarding the The oilthe situation proved particularly critical. The 2024/2025 olive breeding campaign showed a decline in Italian production. 32% reduction in volume compared to last year. The fall has had a direct impact on prices, which, although slightly down from the highs of a few months ago, are still high. Above 9 Euros per kg For extra virgin olive oil (EVO). Production was disrupted by drought and other climate problems that affected Italy, the largest producer of olive oil in Europe.

Milk prices have also seen an increase.. Despite a slight drop in Pecorino Romano prices, which reached record levels in the past, the milk market in Sardinia saw a drop in prices, but only in some areas. A shortage of milk in the producing areas has kept prices higher than in other periods. Additionally, Cheese Pecorino cheeses, such as Pecorino Toscano Dop, have seen an increase in prices. +7% compared to 2023Maintaining a positive trend despite declining consumption.

Cereals and meat: the most important additions

Cereals, a staple in Italians’ daily diet, have seen their prices rise. Although the price trend of vegetables and fruits showed a decline compared to 2023, with a decrease of 4.8% and 6% respectively, the vegetable component of agricultural products increased. This increase has also been reflected in increasing supply constraints. Increase in cost of products like wheat and derivativesAs for flour, it leads to an increase in retail prices. The budget was therefore heavy for Italian families, with increased costs for purchasing these basic necessities.

Significant growth has been recorded in the meat sector, particularly for veal. Producer prices are for slaughter calves. 6% increased with a peak of 16% for beef. Wholesale The increase was influenced by limited domestic supply, which led to less significant growth in the livestock sector than in other years, but also factors related to international demand for beef.

Finally, even in the field of if chicken meatthe situation has seen a certain stabilization (after an initial phase of decline, chicken meat availability has recorded a recovery starting from July, with sales increasing by 1.2% in the January-August 2024 period. ) Prices remained high in the first months of the yearpartly due to an oversupply that initially depressed prices.

Italian agri-food exports: a good result despite internal difficulties

Despite price increases and internal difficulties, there is one sector that has shown positive performance in 2024, namely Italian agri-food exports. In fact, exports of food and beverages increased by 7.6 percent In the first nine months of the year compared to the same period last year.

Despite global economic challenges and stagnation in domestic markets, continued growth in exports has been helped by the appeal of Italian products in foreign markets. This is because above all i Flagship products For Italians abroad, such as myselfWine, pasta and olive oilcontinued to maintain a positive trend.

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