The price of olive oil has increased by 50% in one year; Portugal, Greece, and Spain are leading

Published 2024년 2월 27일

Tridge summary

In January 2024, olive oil prices in the EU saw a significant increase of 50% compared to the same period in 2023. The most substantial hikes were observed in Portugal (+69%), Greece (+67%), and Spain (+63%), with the trend starting in the second half of 2023 and peaking in November with a 51% increase year-on-year. Conversely, the smallest increases were noted in Romania (+13%), Ireland (+16%), and the Netherlands (+18%).

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

Original content

In January 2024, the price of olive oil in the EU was 50% higher than in January 2023. The price of olive oil skyrocketed in the second half of 2023 with a 37% increase in August (compared to August 2022). This trend accelerated in September (+44%) and October (+50%). The peak of the annual rate of change occurred in November 2023 (+51% compared to November 2022). In December, there was a small slowdown, as prices were 47% higher (compared to December 2022). Source dataset: prc_hicp_manr In January 2024, all EU countries recorded an increase in annual inflation for olive oil. The highest increase was ...

Source: Agricolae