The Diesel price is as a result of the Distortions of the Iran War climbed to more than two euros. Gasoline prices rose by around 12 cents. For average mileage, this means additional costs of ten to 20 euros per month for many drivers.

Also at Heat the consequences are already visible. The price for At times, heating oil was significantly above the level the previous week. Natural gas also reacted strongly on the energy markets: the European gas price rose briefly by around 30 percent. This is particularly relevant for households when heating oil has to be purchased.

Groceries in the supermarket could become more expensive next

Rising energy and transport costs are particularly affecting the food industry. Many production processes require large amounts of gas or electricity – for example when baking, drying or bottling drinks.

Experts therefore expect that the higher costs with delay even in the supermarket could become noticeable. According to Boris Hedde, managing director of the trade research institute IFH Cologne, conflicts of this kind can also make food more expensive due to rising energy and logistics costs.

There is a risk of price increases for bread, rolls and drinks

Products in which energy and transport make up a large proportion of the costs would be particularly affected. These include Bread and baked goods, drinks, ready meals or confectionery.

Many bakeries run their ovens on gas. If energy prices remain high for longer, baked goods could become more expensive. According to a report by “Picture“A price increase of around ten percent would be possible – a roll for 50 cents would then cost around 55 cents.

Drinks or processed foods could also be affected. Energy, packaging and transport play a major role in food production – costs that manufacturers often pass on to retailers in the event of long-lasting price shocks.

The Federal Association of the German Food Industry, which includes Coca-Cola, Danone, Ferrero, Haribo and Nestlé, warns of increasing burdens for the industry. Association head Christoph Minhoff spoke in the “Handelsblatt” of a possible “cost tsunami” that could arise from higher energy and transport prices.

Restaurant prices could also rise

Not just in the supermarket, There could also be prices in restaurants put on. Industry experts therefore expect that dishes could become five to ten percent more expensive if energy prices are consistently high.

In the future, a currywurst with fries could cost up to around 8.80 euros instead of around eight euros. Coffee or smaller snacks could also be around 20 to 30 cents more expensive.

Will refrigerators soon cost 10 percent more?

Rising energy, raw material and transport costs are particularly affecting energy-intensive industries. According to retail expert Gerrit Heinemann, a refrigerator worth around 600 euros could become 50 to 60 euros more expensive.

The risk of inflation increases

How much prices actually rise depends primarily on how long the conflict in the Middle East lasts. If the price of oil remains high for a longer period of time, this could also have an impact on inflation.

According to Jörg Krämer, chief economist at Commerzbank, a short conflict would probably only have temporary effects. However, if the war lasts several months, inflation in the eurozone could rise significantly again.

Historical data shows that conflicts also affect economies far away. Loud an analysis by the Kiel Institute for the World Economy Wars often lead to rising inflation and weaker growth – even in countries that are not directly involved.

For consumers, this means one thing above all: rising energy prices have a domino effect – from the gas station to the supermarket to many everyday products.