Increased by 18 percent in twelve months: Bread prices in the EU are higher than ever
Bread is currently more expensive than ever in the EU. Prices have also risen by 18 percent in the last twelve months due to the Ukraine war.
Food prices have been rising steadily for months. This is particularly noticeable with bread: As the “Lebensmittel Zeitung” reports, the price in the EU has risen by 18 percent in the last twelve months and has thus reached the highest level ever measured.
The main reason for the extreme price increases in recent months is Russia’s war in Ukraine. Both countries are major exporters of bread-related commodities such as grain, wheat, corn, as well as oilseeds, sunflowers and fertilizers.
Bread prices hit a new high: Hungary hit particularly hard
According to data from Eurostat, the price increases for bread are hitting Hungary particularly hard: Here the price of bread has risen by 66 percent within a year. At 17.5 percent, Germany is just below the EU average.
Even if the prices in the bakeries have already risen, the operators cannot pass the increased costs on to the customers in full. Many bakers are now sounding the alarm because even economically healthy businesses fear for their existence. We have summarized more about this for you in this article.
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The original of this article “Bread prices in the EU are higher than ever” comes from chip.de.
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