The rise in food prices shows no signs of slowing down, with the cost of a food basket increasing again in the past week, now reaching 244.95 euros, based on updated data released by DECO PROteste this Thursday.
“The cost of the food basket increased again last week. Between November 5 and 12, it rose by 61 cents (up 0.25%) and now costs 244.95 euros. Contributing to this rise were, among others, the increases in prices of items such as broccoli, cauliflower, and hake medallions, which in the last seven days went up between 8% and 12 percent,” read the statement on the consumer protection organization’s website.
DECO PROteste explains that “for broccoli, the price rose by up to 12% in just one week,” with “a kilogram now costing 3.47 euros, 38 cents more than a week ago.”
“The cauliflower, in turn, saw its price increase by 25 cents per kilogram (up 10%), now costing 2.70 euros. Meanwhile, hake medallions now cost 6.78 euros, 50 cents more (up 8%) than a week earlier,” the statement continues.
Which products increased the most?
In the last week, from November 5 to 12, aside from broccoli, cauliflower, and hake medallions, the products that saw the most significant percentage increase in price were fiber cereals (up 8%), pointed cabbage (up 7%), and perch (up 7 percent).
“When comparing this week’s prices to those from the first week of the year, January 1, 2025, the most significant percentage price increases were observed in products like eggs (up 32%), ground roasted coffee (up 29%), and broccoli (up 24 percent),” DECO PROteste states.
Moreover, “since DECO PROteste began this analysis on January 5, 2022, the largest percentage increases have been noted in beef for cooking (up 97%), eggs (up 85%), and turkey steak (up 65 percent).”
Statistics Institute confirms: Inflation slowed to 2.3% in October
The National Institute of Statistics (INE) confirmed that the year-on-year inflation rate was 2.3% in October, 0.1 percentage points lower than in September.
In a statement released today, the INE added that core inflation—excluding more volatile price products like unprocessed foods and energy—recorded a variation of 2.1%, compared to 2.0% in the previous month.
Meanwhile, the variation of the index for energy products decreased to -1.2% (0.3% in the previous month), while the index for unprocessed food products registered a variation of 6.1% (7.0% in September).
On a monthly basis, the variation of the Consumer Price Index (CPI) was null (0.9% in the previous month and 0.1% in October 2024).
The average variation over the last 12 months was 2.4%, the same as in the previous month.
