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Skyrocketing German Grocery Prices Seen on Soaring Inflation

It's just one data point. But it is striking.

Aldi Nord in Europe expects increases of 20 to 50 percent in its purchase prices this week, reported WDR (April 4).

Another German grocer, Rewe, has also announced higher sales prices for individual product groups and items at its discount subsidiary Penny.

"We are currently confronted with a large number of rising costs for raw materials, energy and logistics as well as price increases from the food industry and suppliers, " a Rewe spokesman explained.

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