Food prices in Finland to increase, researchers say
According to independent institute Pellervo Economic Research (PTT), food prices in Finland will increase this year and next year, owing to increased food production costs and a rise in demand. The increasing popularity of vegetarian diets and Finland's unusually hot and dry summer also contributed to increasing food prices. According to PTT's agricultural and food economy forecast, the price of food will increase this year by 1.9 percent and next year by 2.2 percent. PTT said the rise in food prices is being caused by growing costs in the food chain and production. Previously those increases couldn’t be passed on to the consumer because demand was weak. Last year the situation changed as consumer demand for food grew – those cost increases in food production will now be shifted to consumers.
- Yle.fi -