The bread becomes double more expensive Financial

The Dutch Bakery Center (NBC), a consulting and consultancy firm in the bakery sector, indicates that bakers can only pass on higher costs on prices. In total, NBC expects the price of bread to increase by 7 to 10% in the coming months.

VAT rate increase

The main cause is the 6% to 9% VAT rate increase that the government will have on January 1st on food. In addition to rising commodity prices, including wheat, wages and transportation costs due to rising fuel prices, NBC says bakers are not able to pass on increases in bread costs.

to be spread over all bread products. NBC director Flip van Straaten points out that, despite rising prices, bread is still cheap in the Netherlands.

Every morning, the latest financial information in your inbox?

Invalid email address. Please fill again.

Unsubscribe in 1 click