Bread in the EU rose in price by 20% due to the war in Ukraine

Published 2022년 9월 21일

Tridge summary

The average price of bread in the EU has surged by 18% annually, according to Eurostat data, with the highest rate of increase since December 2017. The most significant rises were in Hungary and Lithuania, at 66% and 33% respectively, while the smallest increases were in France, the Netherlands, and Luxembourg, all by 8-10%. The primary factor behind the rise in bread prices is the significant increase in global wheat prices, which have risen sharply since February of the previous year, following the war and Russia's blockade of Ukrainian and Russian grain exports from the Black and Azov seas ports.

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Original content

According to Eurostat data, according to the results of August last year the average price of bread in the EU rose by 18% annually, the highest rate of growth since December 2017, when Eurostat began collecting statistics, Reuters reported. The largest annual increase in bread prices was observed in Hungary and Lithuania - by 66% and 33%, respectively, and the smallest - in France, the Netherlands and Luxembourg - by 8%, 10% and 10%, respectively. The main reason for the increase in the price of the product is the high level of world prices for wheat, which have increased significantly since February last year, after the war and Russia's blockade of ports in Ukraine for several months ...

Source: Agroconf