Czech consumers are bracing for another wave of food price increases this year, with dairy products and eggs expected to lead the upward trend. According to the Czech National Bank’s forecast, food and non-alcoholic beverage prices will rise by 3.8% this year.
The impact is already visible in current prices, with a pack of ten size M eggs currently retailing at 63 crowns in January, while a liter of long-life semi-skimmed milk costs 21.50 crowns. Both items are expected to see further price increases. The shift towards free-range egg production is contributing to higher costs, with free-range eggs costing 10-20% more than cage-produced ones.
Weather conditions will play a crucial role in determining food prices this year. Last year’s volatile weather patterns particularly affected coffee, cocoa, and oranges, driving their prices to record levels. However, there’s some positive news for consumers – domestic fruit prices, particularly apples, might decrease during harvest season.
The situation is further complicated by agricultural workforce challenges. With farming wages lagging behind the national average and younger generations showing less interest in agricultural careers, labor costs are expected to rise, potentially affecting food prices.
International factors are also at play, including potential U.S. tariffs on European products under Trump’s presidency, which could lead to higher food prices across Europe