Lån & Spar says global food prices rise 1.7% in past three months, may lift Danish grocery inflation
XLP•Global food prices edge higher
Lån og Spar flagged a 1.7% rise in global food prices over the past three months, led by oils and sugar.
Further increases could feed into Danish supermarket prices with a lag, raising inflation pressure into autumn.
Wage growth and household demand
Wage growth of 3%-4% a year could reinforce pass-through, while also supporting household purchasing power.
Context for Danish food inflation
Global food prices surged about 60% from mid-2020 to mid-2022, then fell about 25% through early 2024.
Danish food prices have risen more than 30% since early 2021, broadly tracking the global food price index.
