Aldi’s German branch says it will be substantially raising its prices on around 400 products as of today, citing an increase in production costs.
Prices are set to increase from 20-50% on average on a wide range of items.
MORE – According to information from the Funke Mediengruppe, #Aldi expects food purchase prices to rise by 20 to 50 percent over the next few weeks.
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Two weeks ago, German Aldi raised the prices of around 160 items, and last week they raised prices on another 20.
“Since the start of the Ukraine war, there have been jumps in purchase prices that we have not experienced before,” said Aldi spokesperson Florian Scholbeck on Friday speaking to the German Press Agency (DPA).
In particular, German Aldi consumers can expect meat and butter to be “significantly more expensive” due to price hikes from suppliers, with goods such as milk, sausages and cheese also affected.
Experts expect other German chains, such as Lidl, Edeka and Globus to follow suit, with all of those companies announcing similar hikes.
According to a recent survey by the IFO Institute in Munich, virtually all food retailers in Germany are planning price increases in the coming weeks.
The primary reason for the hikes is inflation, as well as increased supplier costs, as farmers and hauliers struggle to cope with soaring energy prices.
The energy crisis has been brought on by a combination of pre-existing climate policies, as well as Russia’s war on Ukraine exposing Europe’s energy dependence on Russian.