Inflation in the EU rose to ten percent in August compared to the same month last year. Of the food prices, those for edible oils, fats, vegetables, meat and bread developed the fastest. The price increase for bread amounted to almost 18 percent.
According to the most recent data from the Eurostat statistics office, the rise in the price of bread has hit hard, especially in Eastern Europe: the price of bread has risen most sharply in Hungary, with an increase of about 65 percent. Lithuania, Estonia and Slovakia followed well behind, with inflation increasing by about a third. The price in Poland and Latvia rose by a similar amount (plus 30 percent). Summer bread in Bulgaria and the Czech Republic was just under 30 percent more expensive than a year ago; in Romania and Greece the plus amounted to more than 20 percent. Luxembourg, the Netherlands and France got away with an increase in the bread price of just under ten percent. In Austria, bread will cost ten percent more this year.
War in Ukraine has “seriously disrupted the market”
According to the information, prices for vegetables and meat have also risen sharply in the EU since last summer. Edible oils and fats in particular have become considerably more expensive. Eurostat pinpoints the reason for the upward thrust of the bread price in the Russian war of aggression against Ukraine. The conflict “severely distorted the world market” as the two countries were major exporters of grain, wheat, maize, seeds (especially sunflowers) and fertilizers.
Source: Krone
I’m Wayne Wickman, a professional journalist and author for Today Times Live. My specialty is covering global news and current events, offering readers a unique perspective on the world’s most pressing issues. I’m passionate about storytelling and helping people stay informed on the goings-on of our planet.
