Unlike energy and fuel costs, food prices have not gone up in Germany due to the Iran war, according to an analysis published on Tuesday.
Prices for Fast-Moving Consumer Goods (FMCG), including groceries and cosmetics, have not risen significantly since the United States and Israel attacked Iran on February 28, according to market research firm NIQ.
“So far, the FMCG market has remained significantly more stable than, for example, at the start of the war in Ukraine,” said NIQ brand expert David Georgi.
He noted that the German economy was less directly dependent on the energy and raw material supply chains affected by the war this time around.
As a result, any potential negative impacts are currently being felt more indirectly and with a delay, Georgi said.
The impact on prices in food retail and drug stores has remained limited so far, according to the market researcher.
The inflation rate in Germany rose to 2.9% in April - the highest level since January 2024.
However, food prices rose by only 1.2% compared to the same month last year, according to official figures.
When comparing February and April, data by the Federal Statistical Office shows significant price fluctuations mainly for some vegetables.
This is primarily due to harvest and weather-related factors and not the war, said Ursula Schockemöhle of the Agricultural Market Information Society. In the case of fertilizer, however, a price increase can be observed as a result of the war. Since many producers have stockpiled supplies, the effects of the war will not fully be felt before next year, she said.
