Germany: Warning of “Cost Tsunami” Threatening Food Prices Due to Iran War

 

Consumer groups and economists in Germany have warned of a looming “cost tsunami” that could sharply drive up food prices if the war in Iran continues.

• The main driver is rising energy and transport costs linked to Middle East tensions.

• Food companies caution that production and distribution expenses may surge to unprecedented levels.

• Consumers could face higher prices for staples such as bread, milk, and cooking oil.

• The German government is considering relief measures, but unions warn low-income families will be hit hardest.

Sources – Agencies