Wednesday, February 20, 2008
Price of Food rising much faster in Belgium than elswhere
The price of food in Belgium is rising faster than in our neighbouring countries. This has been confirmed by a study commissioned by the ING bank. The researchers question the profit margins of the wholesale and retail sectors.
The prices in Belgium have risen three times faster over the last year than the average. The cost of processed food has increased by 8.5% last year. The European average was an increase of 5.5%.