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MONEY

What to know about the latest price hikes in German supermarkets

The cost of food and drink has been rocketing in Germany in recent months. We lay out some of the latest price hikes that may affect how you shop.

A man holds a Bratwurst with mustard in Saxony.
A man holds a Bratwurst with mustard in Saxony. Photo: picture alliance/dpa/dpa-Zentralbild | Hendrik Schmidt

Supermarkets have been hiking up the cost of grocery products as inflation rises.  And it’s hard to escape – all branches of Aldi Süd, Aldi Nord, Lidl, Penny, Rewe, Edeka, Kaufland, Hit – and others – are affected.

German news site Focus Online gathered together a number of groceries going up in cost. We take a look at some of them, and how you can save money.

Butter

The price of butter has climbed to over €3 in many places. For a pack of Irish Butter from Kerrygold, consumers now have to pay around €3.39 instead of €2.89, from the previous week. That’s a price increase of 17 percent.

Own-brand butter is cheaper at Aldi Süd, Aldi Nord, Lidl, Penny and Netto Marken-Discount. Consumers save about 30 cents compared to the branded product. But here, too, the 250 gram pack became 20 cents more expensive – it’s going up to around €2.29.

READ ALSO: The grocery products in Germany getting more expensive

Milk (Milch)

Customers at Aldi and Lidl are facing price hikes on milk. The milk of the own brands Milfina and Milbona climbed from 88 cents to 92 cents. For the light version (1.5 percent fat content), you no longer pay 80 cents at the discounter, but 88 cents. That’s a price increase of 10 percent.

The price development at brand manufacturers such as Weihenstephan, Bärenmarke and Landliebe is similar. A litre of milk is now priced at about €1.49. Last week, the upper limit was still €1.29. The price has climbed by about 16 percent in the last few days.

A shopper walks round a supermarket in Neubiberg, Bavaria.

A shopper walks round a supermarket in Neubiberg, Bavaria. Photo: picture alliance/dpa | Sven Hoppe

Sour cream (Saure Sahne)

Sour cream is also more expensive now – prices have climbed by around 20 percent across the board. Sour cream from Milsani (Aldi Süd), Ja (Rewe) or Milbona (Lidl) still cost 42 cents last week. The new price is now 55 cents – an increase of 12 cents.

The branded product from Andechser (Natur Bio-Sauerrahm) is available at Edeka and Rewe stores for 99 cents. Last week, the product cost 85 cents.

Mustard (Senf)

The medium hot mustard from Rewe’s own-brand – Ja – has been hiked up in price. The jar no longer costs 29 cents – instead it’s 49 cents. This represents a price increase of 60 percent within the past week. Aldi Nord, Aldi Süd, Penny, Lidl and Netto Marken-Discount also increased the price of their low-priced mustard own brands by about 20 cents.

READ ALSO: Will Germany see a mustard shortage?

Breadcrumbs (Paniermehl)

If you want to bread a schnitzel, you have to dig deeper into your pocket because the cost of breadcrumbs (as well as meat) is going up. 

Since last Thursday, the price of breadcrumbs has increased by 10 cents across the board. The cheapest product available is at discount supermarkets for 89 cents. The more expensive branded product is about €1.89.

Meat (Fleisch)

Rewe in Munich is charging €5.29 for a 400 gram pack of chicken schnitzel from its own brand Wilhelm Brandenburg. The week before, the price was €4.59. Edeka now charges €2.99 for its Bockwürstchen in a jar. Previously, the pack was available for €2.75.

Overall, consumers have had to pay more for meat in the frozen and refrigerated counters of discounters and supermarkets since last week. The price increases range from 40 cents to €1.60.

Discounter Aldi Nord, for example, no longer charges €5.99 for its own-brand bockwurst Gut Drei Eichen – it’s now €7.19.

How you can save at the supermarket

Many of us do it anyway, but now is the time to be searching out for special offers. You could also think about buying own brands more often. 

Pay attention to the best-before dates and only buy as much as you can and want to consume within a certain period of time. As a rule, consumers shouldn’t hoard items because it causes supply issues, and it can contribute to waste.

READ ALSO: Why are people in Germany clearing out supermarket shelves?

Brochures, which can be found either in paper form or digitally, can also be helpful. You can find them in shops, in weekly newspapers or in the Apple and Google app stores. You can also get a hold of vouchers and discount codes this way. 

In drugstore branches in Germany, voucher cards are often found on the shelf, which can also contribute to discounts. Plus, take advantage of online voucher offers to get a better price. Many retailers also use apps to attract customers. 

Don’t forget to keep a hold of your old bottles and claim back the Pfand (deposit). When you submit your empty bottles or cans, you get a receipt which you can use to either claim back the cash or to get money off your shopping. 

READ ALSO: Six essential tips on how to save money on your groceries

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BANKING

Reader question: Is it safe to give out your IBAN in Germany?

Even in privacy-obsessed Germany, you'll often be asked to provide your bank details - or IBAN - when purchasing products or setting up contracts. Is it always safe to do so - or is there a chance of fraud?

Reader question: Is it safe to give out your IBAN in Germany?

When it comes to personal data concerns, there’s arguably no nationality who is more keen to keep their private lives private than the Germans. 

This was summed up recently at one cashless business in Berlin, where the owner revealed that people were concerned that paying by card would let the company see into their bank account. 

But in spite of the general suspicion towards digital technologies, there are plenty of situations in Germany where you’re likely to be asked for your International Bank Account Number – or IBAN for short – and are expected to give it willingly.

You may be setting up a new contract for your electricity supply, a new mobile phone or for a rental flat. Or you could be buying something online via a direct debit or hunting for bargains on an online marketplace – in all these cases, giving your IBAN to the seller or company is a must. 

READ ALSO: Why German banks are getting more customer complaints than ever

Though simply jotting down your details is treated as par for the course, are there situations where consumers should be a bit more cautious? 

Here’s an overview of what you should know about the risks of giving out your IBAN and how consumers can best protect themselves against fraud. 

Is giving out my IBAN safe?

According to Matthias Lange, payment methods expert at the German Association of Banks (BVDB), the answer is generally yes – and often there are no ways around it.

“For example, if I want to pay my rent or have my money transferred to my account for a sale via classified ads, I have to give the account details to my landlord or the buyer,” Lange explained on the ING website. “And if I buy something by direct debit, they will also ask for my account number.”

Lange also points out that it’s perfectly normal for companies to include their IBANs on letters and bills they send out, which shows just how relaxed their are about customers having this information. 

What could a fraudster do with my IBAN?

Very little, is the answer – though there are options. 

The most important thing to know, however, is that nobody will be able to access your bank account using the IBAN alone.

In online banking in the EU, two-factor authentication is a minimum. Normally, that means you’ll need a password to access your account, as well an authentication app or a code that’s sent to your mobile phone.

All of this makes it much harder for criminals to access your financial data and make fraudulent transactions.

READ ALSO: How to grow your savings in Germany during high inflation

However, there is one way that fraudsters could try to use your IBAN to steal money from your account: setting up a Lastschriftmandat, or a mandate for a direct debit. This can usually be done by setting up a simple form and sending it off to the bank or company in question.

Even in this situation, however, the problem can be easily resolved. 

Woman paying by card online

A woman checks her card details while completing a purchase online. Photo: picture alliance/dpa/ZHPH Production / Stocksy United | N26 GmbH

“If a fraudster has actually completed a direct debit with your account details, it is possible that the amount will initially be debited from your account, but you will be able to get the money back quickly and easily,” said Lange.

This strategy is also a risky one for any criminal, since the bank will have plenty of information on hand about the person that the money should be transferred to.  

Another old-fashioned option is for someone to intiate a paper translation by forging your signature on a paper transfer form – though this would probably arouse suspicion as this type of transfer is so rarely used today.

Lange also points out that this would involve the criminal supplying their bank details, and that a swift response to the issue would enable any victims to get their money back right away. 

How can I best protect myself from fraud? 

Though giving out your IBAN is generally safe, you should still remain cautious about giving out more details than are necessary – particularly when it comes to things like passports or information that’s included on personal IDs. 

A major red flag for phishing attempts – that is, attempts to steal your data – is if you are approached out of the blue and asked for specific data.

That could be through an unexpected phone call, a link to a website or an email that looks like it comes from an official source, like a credit card company or a bank. In these cases, a good rule of thumb is that no bank will contact you and ask for a tonne of personal details, and especially not passwords or pin numbers. 

In other circumstances, such as applying for a flat, if are asked for extra information – like your passport and bank account statements – make sure that the housing company is reputable before handing all the information over. 

If in doubt, simply get in touch with your bank and ask them for their advice. It’s in their interests to avoid fraudulent transactions on your account, so they will be more than happy to help.

Another important thing to do is to check your bank account regularly for unexpected transactions. You can generally recover any money that’s taken from you fairly easily, but the quicker you respond, the better.

According to Lange, there are key deadlines to know about if you want to challenge or withdraw a direct debit transaction.

READ ALSO: Why it’s almost impossible to find a free bank account in Germany

In normal cases, you have eight weeks to do this – but if the transaction is made via an unauthorised madate, this can be extended by more than a year. 

Though there are no official figures on the level of IBAN fraud carried out in Germany, Lange believes it’s nothing in comparison to the some 11 billion direct debits that are completed in the country each year.

A more common practice is for criminals to buy goods via invoice and get the invoice sent to an unwilling addressee. 

“But that’s more of a problem for the retailer and has nothing to do with fraudulent IBANs,” Lange explained. “And of course, you don’t have to pay the invoice.”

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