Groceries will be 10 to 20 percent more expensive, food producers announce

Input prices are growing too.

Illustrative stock photoIllustrative stock photo (Source: Sme)

The Slovak Agriculture and Food Chamber (SPPK) has announced a 10- to 20-percent hike in product prices due to increasing input prices. It indicates that the hikes could be mitigated if retail chains narrow their margins and a better subsidy policy is put in place, but the increase in price is inevitable in Slovakia.

Skryť Remove ad
Article continues after video advertisement
Skryť Remove ad
Article continues after video advertisement

“We live in a time when basically everything is more expensive and it is unthinkable that the Slovak food industry could not increase its selling prices on the market,” said chair of SPPK Emil Macho, as quoted by the TASR newswire. “We want to send a clear signal that, within the whole food sector, an increase in our sales prices of 10 to 20 percent is a necessity in the long term.”

Input prices are the problem

Deputy chair of SPPK Marián Šolty emphasises that food companies have to increase their selling prices to survive.

Grocers point out that it is much easier for society to accept increases in, for example, fuel and energy prices than food. In the past, according to SPPK, household food spending ranged from 40 to 50 percent, while at present it is only 17 to 18 percent.

A major increase in input prices has been reported by poultry farmers, sugar manufacturers, the bakery industry, the dairy sector and wine producers. The prices of energy needed to cool white and sparkling wines have increased by 30-60 percent and the price of labour and other inputs has increased as well. Therefore, wine prices will rise by five to 15 percent.

The mill industry, oil producers and canneries also have problems with the rising input prices.

Top stories

Marián Turner became the General Director of the Slovak Philharmonic in January 2022.

Slovak Philharmonic is a first-class institution people outside Bratislava rarely see perform

Marián Turner, a former flautist, has become the new Slovak Philharmonic head. His priority is to fully reopen the institution to live audiences.


19. jan
Bronze sculptures of three late Slovak comedians - Milan Lasica (right), Július Satinský (left) and Jaro Filip (middle) on Lužná Street in Petržalka, Bratislava.

Weekend: Cross-country skiers hit the beach

A hike to Veľký Choč, dinosaur footprints, and a US hip hop legend. Read the latest culture and travel news from Slovakia.


21. jan
Zara Rutherford made a stop in Slovakia on January 15.

In a Slovak plane, teen pilot lands in the world record books

British-Belgian Zara Rutherford has broken two world records, but her global hunt for a tasty pizza was a failure.


21. jan
Ukrainian forces during military exercise.

There goes the neighbourhood

The parallels between Russia’s approach to Ukraine and Hitler’s to Czechoslovakia in 1938 are uncanny.


16 h
Skryť Close ad