The price of ground meat has risen sharply since the beginning of the year, with economist Bate Ismail indicating that this is due to supply shortages.
The price of ground meat in Finland has seen a significant increase since the start of the year, primarily driven by supply shortages. According to Bate Ismail, an economist from the food industry association, the last notable increase in beef prices occurred in December, with consumer prices rising nearly 25% compared to previous levels. The fluctuating prices have made it hard for consumers, as ground beef, in particular, has become increasingly expensive across various retailers like Kesko, S-Group, and Lidl.
Currently, ground beef prices range significantly, with the price per kilogram reaching upwards of 15 euros depending on the retailer and product. One notable example includes a discounted offer at Kesko, which provided ground beef at just under 13 euros per kilogram on Friday. Ismail emphasizes that the continuation of this price trend heavily relies on whether new beef supply enters the market, which could alleviate the current pressures on consumer pricing.
The situation reflects broader trends in the food market where certain meats are seeing price increases, while, paradoxically, products like salmon are being sold for lower prices than ground meat. This imbalance raises questions about market dynamics and consumer behavior, as consumers find themselves faced with fluctuating meat prices, impacting their purchasing decisions.
