Re:World food prices hit 10-year peak – FAO
by KptMarchewa on Monday October 11, 2021 @05:34AM
(#28826459)
Not sure from where you get your EU data. Eurostat disagrees: https://ec.europa.eu/eurostat/statistics-explained/index.php...
Re:World food prices hit 10-year peak – FAO
by Tarsul on Monday October 11, 2021 @05:34AM
(#28826462)
But also regarding Germany: the market for supermarkets is very crowded (Aldi, Lidl, Edeka etc.) where there is a lot of price pressure between supermarkets. So the companies don't profit as much as they could in markets with less competition. The real beneficiary are the consumers.
And, AFAIK, it's the same in North America, with the US having the lowest consumer prices and highest salaries while neighboring Canada has to make due with higher prices and lower wages.
My point is, the perceived expense of goods varies wildly based on your region's economic leverage, so large, rich countries with powerful economies and huge supply chains tend to be much better off at dampening these effects than the rest.