German purchasing power on the increase

Article Abstract:

German employees had to work an average of 39.0 minutes to pay for a kilogram of pork chops in 1998 - down from 40.6 minutes a year earlier. Overall, food prices in Germany rose less steeply than net wages. In the Lander which make up the former German Democratic Republic food prices rose 0.8%, while the average hourly take-home pay of skilled workers rose 1.7% from DM20.29 to DM20.63 (?? 10.55). However, there were vast differences between the price changes registered in various product segments. Consumer purchasing power rose for pork, beef, poultry, cheese and apples, but declined for butter, fish, potatoes and sausage. Overall food purchasing power is expected to rise in 1999.

Prices

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Barilla slashes prices and sends Italian pasta sector reeling

Article Abstract:

Italian food company Barilla has cut the prices of many of its products by up to 20%, leaving its main competitors shaken. The price reductions include a 15% saving on tomato sauce annd up to 14% on pasta. The move is aimed at competing with the lower pasta prices offered at discount stores and to raise the company's market share. Barilla currently has a 38.2% share of the Italian pasta market.

Macaroni, Spaghetti & Noodles, Dry Pasta Manufacturing, Pasta products, Cereal products industry, Pasta industry, Barilla

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German food prices fall in August

Article Abstract:

The article discusses the German Federal Statistics Office report about overall food prices in Germany. The Office reported that prices fell by 1.1% between July and August of 1999, and finished 1.7% down on August 1998. The article explains how the decrease in food prices helped curb inflation, and points out how some food prices have risen.

Reports, Germany. Federal Statistics Office

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