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Of the higher cost increases. and they ve been doing this via promotions by making a huge investment in pricing to ensure that consumers to ensure that consumers can get good deals. and christel, i m wondering, what kind of conversations are the retailers having with the suppliers? well, the conversations are are pretty tough and the situation is very difficult at the moment. retailers negotiate on behalf of consumers for the best deal and the best assortments. and what we have seen is a concerning trend by the manufacturers to seek, in particular from the large global manufacturers, large global brands, who have been seeking to push up price increases beyond the cost increases. and christel, i m just wondering, are your members, the retailers, are they reporting the changes, any big changes in consumer ....
Represents retailers and wholesalers in 27 european countries. christel delberghe, a real pleasure having you on the show. and christel, can we start with this? because as we ve been seeing the costs of raw materials heading higher, how much pressure are your members facing to to keep the prices down? well, the pressure on retail is immense. today, inflation in europe is about 10% and inflation in groceries is 19%. and the pressure is on on retail is exerted via the higher cost of the goods for resale, the higher cost of operation. and they re facing consumers hit by a severe cost of cost of living crisis. for them in the retail, the retailers have been able to cushion consumers from the worst of the inflation. retailers have been absorbing part ....
Behaviour due to the cost of living crisis? yes, indeed, consumer behaviour has changed quite significantly and it has changed across the board. they re favouring long shelf life products like rice and pasta, they re looking out for promotions and they stock up when buying and promotions. they re looking for cheaper brands, some more budget line products, more private labels. they re investing a lot to help consumers and to cushion them from the worst of the crisis and and inflation, the high prices. and, christel, what are your retailers saying about the outlook for prices? i mean, are more rises to come, do you think? well, the situation is still very uncertain. we expect prices to go down in the course of the year as energy prices are are going, down as the commodity prices are going down. ....
They negotiate with their suppliers? well, to find out, i ve been speaking with the director general of eurocommerce. that s the organisation that represents retailers and wholesalers in 27 european countries. christel delberghe, a real pleasure having you on the show. and christel, can we start with this? because as we ve been seeing the costs of raw materials heading higher, how much pressure are your members facing to to keep the prices down? well, the pressure on retail is immense. today, inflation in europe is about 10% and inflation in groceries is 19%. and the pressure is on on retail is exerted via the higher cost of the goods for resale, the higher cost of operation. and they re facing consumers hit by a severe cost of cost of living crisis. for them in the retail, the retailers have been able ....
And christel, i m just wondering, are your members, the retailers, are they reporting the changes, any big changes in consumer behaviour due to the cost of living crisis? yes, indeed, consumer behaviour has changed quite significantly and it has changed across the board. they re favouring long shelf life products like rice and pasta, they re looking out for promotions and they stock up when buying and promotions. they re looking for cheaper brands, some more budget line products, more private labels. they re investing a lot to help consumers and to cushion them from the worst of the crisis and and inflation, the high prices. and, christel, what are your retailers saying about the outlook for prices? i mean, are more rises to come, do you think? well, the situation is still very uncertain. ....