Butter prices are going crazy: In August year-on-year (y/y) increase in butter prices averaged 29.3 percent, in September – 30.1 percent, and in October – 32.2 percent. In mid-November it was already 31.8%. The average increase in butter prices is currently over 30%. rdr. About this phenomenon one of the MPs from Poland 2050 was askedhis answer may have surprised you.
The Polish 2050 MP has some advice: Telewizja wPolce24 asked MP Rafał Kasprzyk about the growing numbers costs life, including, among others, about butter prices. – Yeah the price is higher actuallybut I will tell you that Today I ate a roll without butter and you could eat it too – said the politician. The MP also added that “we all need to save a little.” The report by Hiper-Com Poland, UCE RESEARCH and the BLIX Group shows that butter prices increased in supermarkets, cash&carry and convenience chains, but dropped in hypermarkets and discount stores. However, the trend is growing and single cubes of butter can now be found on the market for as much as PLN 10.
Butter for PLN 10? Experts estimate that the price of this product in most stores will exceed the limit PLN 10will depend on milk and electricity price levels. It is true that, from the beginning of the year to November, the price of butter in stores increased by an average of 2%. year to year, but such a small relatively increase over so many months is due to the fact that butter is a key product in the Poles' shopping basket. – Its prices are often compared by consumers and decide on which product to choose store in terms of large purchases – explains Dr. Krzysztof Łuczak from the Blix Group.
Butter “element of struggle”: The expert adds that “chains are perfectly aware of this price sensitivity and that is why they have turned it into a commodity strategic element of competitive struggle“. – Recently we have been dealing with… reduced milk productionwhich translates to record product prices on the European Exchange EEX. Less supply becomes a strong impulse to increase butter prices – explains Dr. Krzysztof Łuczak.
See also: Read more about the increase in butter prices in stores in the text titled: “Butter prices are skyrocketing. A clever move by stores. 'A strategic element of the fight'”.
Source: wPolsce24, “Republic”.