Filenews 12 November 2021 - by Angelos Nikolaou
Commodity prices caught fire in November. By invoking international price increases in raw materials and launching at freight rates for container transport, there were significant increases in a range of products, even domestic production.
The prices of cereals, sugar, legumes and vegetables are showing significant increases. The price increase is recorded in the context of the latest survey conducted by the Consumer Protection Service on 10/11/2021, which takes place every month and includes stable products and price collection areas. The price of the 10 kg LPG cylinder shows significant variation, where from €11.80 in October the lowest reached €13.50 in November and the maximum from €14.50 now reached €16.20. The average price shows an increase of 14.3%.
And the price of milk may not have risen yet, despite the fact that it had been announced, but this is not the case with the price of bread that has gone up. All types of bakery products have been on the rise over the last month. The price of small white bread (450 – 500 g) sold from €1.00 to €1.10 and the package of sliced whole wheat bread (900- 1000 g) of 6% and sold from €1.61 to €1.71 shows a greater increase by 10%.
In fresh vegetables, the product that shows the biggest price increase is fresh potatoes, which within two months shows an increase of 85%. Specifically, from 59 cents sold in September, in October it reached 67 cents and is now sold for €1.09 per kilo. Within the last month the price shows an increase of 63%.
Increasing trends continue in the prices of rice and pulses. Basmati rice available in September at the price of €2.96 per kilo, in October reached €3.09 and now €3.21, an increase within the two-month period of 8.5%. An extremely large increase of more than 24% in the last month shows the price for the packaged one kilo of lentils, which has increased from €2.90 to €3.60, i.e. packaging is more expensive by 70 cents.
The biggest hit by increases in basic items is being taken by households, which are seeing huge increases in the price of coffee, flour, sugar and eggs. An increase of 5% shows a 200 g Cypriot coffee package. from €2.36 to €2.48. Imported coffees also increase during the two-month period. Packaging 200 gr. from €6.65 is sold €7.32 with an increase of 10%. The price of one-kilogram sugar rose from 73 cents to 78, showing an increase of 6.9%, while the price of all-purpose flour rose from 92 cents per kilo, an increase of 4.4%. A dozen eggs sold at €2.12 in October, which in November are available for €2.22, an increase of 4.7%.
An explosive wave of assault on the income of citizens is also observed in the prices of cheeses, comparing the months of September - November. Packaging of edam cheese in slices from €4.91 is sold at €5.70 half a kilo an increase of 16%, the price of feta increased from €2.96 to €3.09 per 200 g. an increase of 4.4%, Ghouda cheese in slices of half a kilo from €5.34 is sold at €5.66, an increase of 6% and in traditional halloumi the package of 250 g. shows an increase of 8.3% with the price increasing from €2.73 to €2.52.
Cereal prices have also increased in the last month, with rises from just under 5% increasing up to 8%.
A wave of price increases occurs in a wide range of pasta of local production, as well as imported items. Rustic pasta in a paper package of 500 g increased within a month by 10.9% and from €1.33 is sold €1.48. Spaghetti of 500 gr. increased by 9.2%, from €1.02 to be sold at €1.12, barley 500 gr. increased 8.4% from €1.17 to be sold at €1.26 and spaghetti, rigatoni, penne, etc increased by 6.1% from €1.19 to now be sold at €1.26.
