Monday, May 20, 2024

Polaris of Enlightenment

Monday, May 20, 2024

Polaris of Enlightenment

Swedish food prices stable in March

Published 11 April 2024
- By Editorial Staff

According to the Matpriskollen survey, Swedish food prices rose by 0.1 percent in March. The products that have increased in price the most are dairy products and personal care products.

Comparing about 43,000 products, 21 percent have increased in price, 19 percent have become cheaper and the rest have remained unchanged. The categories that have seen the biggest price drops are vegetables at 1.9% and fruits and berries at 3.9%. The items that have increased the most are dairy products at 0.3 percent and personal care products at 0.4 percent.

− This is positive for the Swedish people after a few months of price increases, says Ulf Mazur, CEO and founder of food price app Matpriskollen, and continues:

− This is partly due to the warm and favorable weather in the Mediterranean countries, so the harvests of tomatoes, cucumbers and oranges, for example, have been very good, which has put pressure on prices.

However, since January 2022, food prices in general have risen by around 23% – a historically high figure. In 2024, prices increased slightly but remained more stable compared to 2022. In February, prices rose by an average of 0.5%.

At the beginning of the year, Swedish food chain giant ICA announced that it would allocate SEK 1 billion to reduce the prices of thousands of products, but according to Mazur, this has not had a significant impact on prices. When asked, most Swedes say that Willys and Lidl are the chains with the lowest prices.

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