reply on: Aldi raising prices on 400 products, expects food purchase prices to rise 20 to 50% in next few weeks

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0 sats \ 7 replies \ @cryptocoin OP 3 Apr 2022 \ on: Aldi raising prices on 400 products, expects food purchase prices to rise 20 to 50% in next few weeks | @DiscloseTV bitcoin

The second Tweet in that thread is where the 20 to 50% increase is shared:

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.

0 sats \ 5 replies \ @cryptocoin OP 4 Apr 2022

Using Google Translate:

The reason for the increase: the higher prices that Aldi has to pay its suppliers. "Since the beginning of the Ukraine war, there have been jumps in purchase prices that we have not experienced before,"

This is also due to the fact that feed, fertilizer and energy have become more expensive.

Aldi had already increased the prices for around 160 items two weeks ago, and a week later another 20 items became more expensive. Competitors followed suit. Due to the situation on the world markets, "increasing sales prices in the entire industry (...) cannot always be avoided",

https://www.bild.de/geld/wirtschaft/wirtschaft/aldi-ab-montag-preiserhoehung-bei-tierischen-produkten-butter-um-30-teurer-79633846.bild.html

1 sat \ 3 replies \ @cryptocoin OP 4 Apr 2022

https://i.imgur.com/9oOazUy.jpeg

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0 sats \ 1 reply \ @cryptocoin OP 4 Apr 2022

Here's a ZeroHedge article on this:

With rumors of shortages swirling around, however, supermarket owners have been complaining of the sort of panic-buying not seen since the first months of pandemic.

German supermarkets have even started limiting the purchase of cooking oils and flour in particular to prevent a mad rush to stock up on items that customers believe will run out.

German Retailers To Increase Food Prices By 20-50% On Monday https://www.zerohedge.com/markets/german-retailers-increase-food-prices-20-50-monday