From gasoline to cola: This is how the cost of war will be for us
Germany is already feeling the economic impact of the war in Iran, as higher oil, gas, and transport costs begin pushing up prices for fuel, heating, and everyday goods.
Diesel prices have climbed above two euros per liter, while gasoline has become about 12 cents more expensive. For drivers with average mileage, this means monthly costs rising by 10 to 20 euros. Heating expenses are also increasing, with heating oil temporarily far more expensive than the previous week and European gas prices jumping by around 30 percent.
Supermarkets are expected to be next. Rising energy and transport costs are hitting food producers, especially industries that depend heavily on gas and electricity for baking, drying, and bottling. Experts warn that these higher costs will eventually be passed on to consumers.
Products most likely to be affected include bread, baked goods, drinks, ready meals, and confectionery. Bakers, many of whom rely on gas ovens, may be forced to raise prices if energy costs stay high. A price increase of around 10 percent is considered possible, meaning a bread roll that now costs 50 cents could rise to about 55 cents. Beverage producers and packaged food manufacturers also face higher costs for energy, packaging, and transport.
Restaurants and household appliances could follow. Meals could become 5 to 10 percent more expensive, with items like currywurst with fries rising to nearly €8.80. Retail experts say appliances such as refrigerators may increase by €50 to €60. Economists at Commerzbank and the Kiel Institute for the World Economy warn that if the conflict lasts for months, inflation in the eurozone could rise again, spreading higher costs from fuel stations to supermarkets and everyday products.