The price of the basic food basket fell for the second week in a row, but in the past seven days, the decline was only 16 cents. According to the latest analysis by Deco / Proteste, the food basket considered costs €225.99 this week, down 0.07% (€0.16) compared to the previous week.
Thus, compared to the same basket purchased before the war in Ukraine (on February 23, 2022), the price increased by 42.36 (23.07%).
Since the beginning of the year, even with the inflation rate slowing down, the basket has already increased by €6.58 (3.00% more), and by comparing this week’s value with the same basket purchased a year ago, the increase is €32.36, or 16.71% more.
The Consumer Protection Association monitors the prices of a basket of 63 basic food products each week, which includes goods such as turkey, chicken, hake, mackerel, onions, potatoes, carrots, bananas, apples, oranges, rice, pasta and sugar. Ham, milk, cheese and butter.
Last week, the 10 products that experienced the largest price increases were whole wheat cereals, rice and oats (17%), cereals (16%), salmon (11%), black-sheathed fish (8%) and tomato pulp (7). %), oranges (7%), Carolino rice (7%), roasted ground coffee (6%), red potatoes (6%), baked beans (5%).
The 10 products whose prices have increased the most since the beginning of the war in Ukraine, i.e. since February 24, 2022, were Carolino rice and onions (82%), carrots (74%), tomatoes (72%), heart cabbage (58%), oil Extra virgin olives (53%), salmon (50%), white sugar (48%), semi-skimmed milk (44%) and red potatoes (43%).
The largest rise in prices, since the beginning of the war in Ukraine to date, was recorded in the categories of groceries (26.19%, an increase of €11.04) and meat (24.79%, over €7.99).
The association explains that this increase is due to the fact that Portugal “relies heavily on foreign markets to guarantee the supply of cereals needed for internal consumption”, which “currently represent only 3.5% of the national agricultural production: mainly maize (56%), wheat (19%) and rice (16%).
“And if in the early 1990s grain self-sufficiency was about 50%, the value currently does not exceed 19.4%, which is one of the lowest percentages in the world, which obliges the country to import about 80% of the grain it consumes,” adds Dicko.
The organization explains that “the Russian invasion of Ukraine, from which a large part of the grain consumed in the European Union and Portugal comes from, and therefore, puts more pressure on a sector grappling with the consequences of the epidemic and drought that has a strong impact on production and stock creation.”
“The reduction in the supply of raw materials and the increase in production costs, that is, the energy required for the production of agro-foods, may therefore be reflected in an increase in prices on international markets, and thus in prices at the consumer,” he affirms.
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