How does inflation affect the prices of your purchases?

Paris: Prices have risen significantly since the end of the quarantine and the outbreak of the war in Ukraine. The International Monetary Fund expects inflation to reach 8.3% this year worldwide. Here are some of the products whose price is impacting household budgets around the world.

benzene

Since the start of the war in Ukraine, oil prices have risen, as Russia is the world’s third largest producer of crude oil. The price of a barrel of North Sea Brent approached $ 140 before dropping below $ 100.

This was reflected in gas station prices, with gasoline exceeding € 2 per liter in March in France, Germany or the UK and $ 5 per gallon (3.78 liters) in the US in mid-June, before falling. slightly in the past weeks.

The same thing happened for fuels and gas: energy sources are by far the largest component of inflation in the eurozone with an increase of 38.6% in August over a year according to data published on Friday by the Eurostat European Statistical Institute.

This affects the entire economy by increasing the production costs of companies. The situation has become so critical that some factories, or even swimming pools in France, have closed their doors to avoid paying exorbitant bills.

Sweets and beans

Since Ukraine is the “bread basket of Europe”, the war has led to a rise in the prices of wheat and, in particular, of wheat, which broke records in early March.

The price of pasta follows: In May, finance company Allianz estimated in a study that its price increased by 19% in the eurozone over an 18-month period. In Canada, a major exporter of wheat, the price of a 500-gram package increased by 60 cents over the course of a year in July, to CAD $ 3.16, according to official data.

In Thailand, the price of instant noodles, a very popular state-priced product, increased in late August for the first time in fourteen years. The price of the bag increased by 0.03 euros to seven baht (20 cents).

Corn followed, and the price of a kilogram of tortillas, a staple food in Mexico, rose by an average of 2.79 pesos between January and mid-September, according to official data. It is one of the products that have the greatest impact on inflation in the country.

In Brazil, another nutrient found in most meals is carioca beans, the price of which increased by 22.67% in August from the previous year, according to the National Statistics Institute.

meat

With the increase in the price of grain, the cost of animal feed has risen and thus the farmers have raised the prices. The price of pork, the most consumed pork in China, jumped more than 22% in a year in August. And the New China News Agency announced on Friday that the authorities will market a quantity of their strategic reserves of this meat for the second time this year, in order to stabilize prices.

In Argentina, the price of ground beef, popular due to its traditionally low price, has increased by 76.7% in the past 12 months. The country is facing one of the worst cases of inflation in the world, reaching 56.4% in the first eight months of the year.

In Europe, poultry prices have risen and bird flu has increased costs. The wholesale price of chicken increased by 33% in August on an annual basis, according to data from the European Commission.

Beer

Inflation has also been reflected in beer, which is affected by the increase in barley and wheat prices, as well as by the increase in the price of aluminum for cans and glass for bottles, which cost 70 percent in more than before the war in Ukraine, according to Brewers of Europe.

Dutch beer company Heineken said it raised its prices by an average of 8.9% during the first six months of the year. According to Bloomberg estimates, the Belgian-Brazilian AB InBev (Corona, Budweis, etc.) increased its prices by 8% in the first half.

In the UK, a pint (about one pint) of beer has exceeded £ 4, the highest price since 1987 according to the Office for National Statistics.

newspapers

The price of paper has increased due to the need for energy in its production and the price of pulp has increased with the recovery of demand after the stone.

The prices of French newspapers including Le Figaro, L’Humanite and Le Point increased by a few tens of cents in January.

In the UK, The Sun, The Times and Sunday Mail all went up in price.

Some newspapers have even reduced the number of pages. Overall, newspaper prices in Europe increased by 6.5% in July.

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