Saturday, December 15, 2007

Food prices have rocketed in Belgium

European consumers will have to devote a growing share of their budgets to food amid a relentless rise in prices, which companies blame on a global boom in the cost of farm products.
"The price of milk, butter and pasta have already risen by 20 to 25 percent on average," said Jean-Pierre Roelands, commercial director for Belgian supermarket chain Colruyt.The great majority of foodstuffs have become more expensive in the last year and a half, a study by the consumer organisation Test-Aankoop reveals.

According to Test-Aankoop, the prices of consumer goods have increased by 20 per cent since 2000.

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