Inflation Trends: Energy Prices Plummet While Food Costs Spike – Exploring the Price Evolution of 50 Products

2023-09-29 09:38:00

The drop in inflation in recent months is associated with the fall in energy prices, points out Statbel. Energy inflation rose to -28% in September 2023, compared to last year’s prices. Conversely, food products show inflation of just over 11%. Your food purchases therefore cost you overall 11% more than last year at the same time.

Certain categories of products are more impacted: inflation for oils this month amounts to 11.3%, one point less for fish, 15.5% for dairy products, that of bread and cereals. ‘stands at 11.2% and meat inflation stands at 9.6%. Since March 2023, inflation for most food products has nevertheless been falling, notes Statbel.

The Top 5 detailed products that have increased the most this month, among the 50 that we follow each month, are composed like this.

ProductInflationSugar+29.7%Home heating oil+24.6%Potatoes+24%Frozen vegetables+23%Olive oil+22.7%

Note that 28 products out of the 50 are experiencing an increase exceeding 10% and that only two are down over one year: gas (-73%) and electricity (-44%), which have largely fallen once more following the surge in prices. recorded last year.

If the price of these two energies has returned to less alarming levels, this is less the case for domestic fuel oil, which is still up sharply compared to last year and which has practically doubled in price compared to the price of two years ago. years.

Discover the price evolution of 50 products below.

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