On Thursday, the prices of a number of goods at Vinmonopolet will be increased. Some prices are increasing sharply, but on average, the price increase is lower than elsewhere in Norwegian society.
The wholesalers, who supply goods to Vinmonopolet, have the opportunity to change their prices three times a year, and the next adjustment comes on September 1.
On average, prices have risen by 0.76% since the previous adjustment on May 1, Vinmonopolet stated.
“The wholesalers who set the prices. Some prices go up, while others go down. There will be a new selling price of 7,924 out of a total of 29,018 products, so the majority of the products will keep the same price,” senior adviser Hege-Lill Hagen Asp in Vinmonopolet told NTB.
Vinmonopolet had calculated in advance that the average price increase would be less than 1%.
In the last 12 months, the general price level in Norway has risen by 6.8%, when you look at the consumer price index. From June to July alone, the price level rose by 1.3%, according to Statistics Norway (SSB). Thus, the products in Vinmonopolet registered a lower increase.
Products that are becoming more expensive
Among some of the well-known brands that are increasing in price, you can find, for example, 350-centiliter bottles of Baileys and Aperol, with a price increase of 11% since the last price change. The increase is from NOK 134.90 to NOK 149.90 for both products.
At the very top of the list of the biggest price jumps are some expensive red and white wines, but some wines in lower price categories also increase in price by up to 50%.
Secretary General Ingunn Jordheim of the Wine and Spirits Suppliers’ Association (VBF) says that they had expected a certain increase in prices.
“The situation is like in other industries. Everything has become more expensive – glass, cardboard, corks, and not least, logistics and transport. The perpetual electricity problem also affects us,” she stated.
Source: © NTB Scanpix / #Norway Today / #NorwayTodayFinance
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