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26 February 2014

Mishaps, missteps and misfortune

After the scandals of price fixings for flour, coffee, chocolate, potatoes and now beer, unsuspecting German consumers find it hard to dispel the impression that the only place where they are systematically and impudently ripped off is at the supermarket till. In January 2014, five brewers were fined a total of EUR 106.5 million for collusion in 2006 and 2008. Several more are under investigation by the Federal Cartel Office. Strangely enough, Germans still enjoy what must be the lowest prices for beer in Europe. Given that retail prices have actually declined over the past decade, many wonder what the real

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