Price stability in supermarket chains during February

During February 2024, supermarket chains saw modest price adjustments. The most notable decreases were observed in dairy products (-3.70%), dairy (-3.39%), paper products, cosmetics, and personal care items (-1.22%), disposable items (-0.37%) and eggs & butter (-0.10%). The decline in dairy product prices can be attributed to both market stabilization post-pandemic and a reduction in producer prices for select items.

Conversely, notable increases were recorded in food and pet items (11.2%), water and soft drinks (11.2%), fresh fruits and vegetables (7.46%), biscuits, chocolates and confectionery (6.78%), as well as nuts and snacks (6.67%). The rise in prices for fresh produce throughout 2023 is attributed to increased production costs, extreme weather conditions, and international fluctuations in raw material prices. Similarly, chocolate products have been impacted by surges in international cocoa and sugar prices.

Furthermore, the "grocery items" category, inclusive of oils, saw a moderate increase of 4.41%. This rise was tempered by declines in the prices of other oils and related products such as pasta and rice.
Overall, the supermarket sector exhibited stability in pricing during February, reflecting a balanced market environment amidst various economic factors.