Rising raw material costs, exacerbated by the war in Ukraine, have significantly reduced profit margins for bakers, even as pastry prices increased less than the costs themselves. Despite strong Christmas sales driven by tradition, uncertainty remains high for upcoming holidays regarding consumer demand and whether traditional prices will rise further. This highlights the open data challenge of tracking how geopolitical shocks and supply chain fluctuations impact local economies, revealing the gap between cost inflation and consumer prices.
Source: ultimahora.esPublished on 2023-04-03
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