EU: Meat price rose 3.3% in one year

Published 2024년 4월 9일

Tridge summary

In February 2024, the European Union experienced a notable increase in meat prices, with a 3.3% rise compared to the same month in 2023. Pork meat led the surge with a 5.7% increase, followed by rises in sheep, goat meat, and beef prices, while poultry prices fell by 1.6%. This period marked the peak of meat inflation rates over the last three years, reaching its highest at 17.3% in February 2023, primarily driven by significant price changes in poultry and pork. Bulgaria, Romania, and Croatia faced the steepest price hikes in February 2024, in contrast to Czechia, Finland, and Denmark, which saw price reductions.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

In February 2024, the price of meat in the European Union (EU) was 3.3% higher than that recorded in February 2023. Pork meat recorded an increase of 5.7%, followed by sheep and goat meat (4, 5%) and beef (3%), according to Eurostat. Poultry farming recorded a drop of 1.6% compared to February last year, according to the conclusions of the analysis. According to Eurostat data: “in the last three years, annual meat inflation rates were the highest between April 2022 and March 2023, with year-on-year rates of change exceeding 10%”. In this sense, the highest rate was recorded in February 2023, when the price was 17.3% higher than in February 2022. The year-on-year increase in beef, sheep and goat meat prices has remained below 15% in the last three years. The biggest fluctuations were recorded in the price of poultry meat, which rose 24.4% in November 2022 and pork, an increase of 18.8% in February 2023. In February this year, most European countries reported an ...

Source: PTvidarural