Supermarket prices up by 30 percent

11th October 2007, Comments 0 comments

11 October 2007 BRUSSELS – Shopping will become a lot more expensive in the coming months. Colruyt expects a few hundred basic products to increase in price by 3 to 30 percent. Aldi will possibly follow the same line of action.

11 October 2007
 
BRUSSELS – Shopping will become a lot more expensive in the coming months. Colruyt expects a few hundred basic products to increase in price by 3 to 30 percent. Aldi will possibly follow the same line of action.

This is an international phenomenon, as a result of the continuing increase in the price of raw materials. From July onwards raw material prices clearly went up, but in recent weeks there has sometimes been evidence of extreme price rises, says a spokesperson for Aldi, the Netherlands.

In Belgium there is no escape either, says commercial director Jean-Pierre Roelands of Colruyt. Some prices have already gone up, but there will be a strong upward shift in the coming months. Colruyt fears that foodstuffs based on grain, milk, oils and fats will increase in price by 3 to 30 percent. "But we will stick to the lowest prices," says Roelands.

Aldi will also have to adapt its prices. At the end of September Aldi Germany already announced that three hundred of the seven hundred articles from the basic range would get more expensive. Last weekend Dutch Aldi announced, for the first time in its history, an effective price increase in a range of basic products. This would be the first wave, to be followed by further price increases. If the price of raw materials drops, Aldi will reduce its price again. Nobody was available for comment at Aldi.


 
[Copyright: Expatica News 2007]
Subject: Belgian news

0 Comments To This Article