In Europe, the price of bread has soared by 18% in one year, France spared

Published 2022년 9월 19일

Tridge summary

The article highlights the significant impact of Russia's invasion of Ukraine on bread prices in the European Union, with a double-digit inflation rate reported within a year. The price increase varies across different EU countries, with Hungary experiencing the highest annual rise at over 66%. Western Europe, particularly France, sees a more controlled increase due to regulated tariffs. However, there are fears of potential significant price hikes in the event of increased energy bills. The article also notes that Germany, Spain, Denmark, and Portugal have seen the most substantial price increases in bread among the Western European countries.

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

Original content

The equation is known. Between the explosion of energy prices and those of raw materials such as wheat and butter following Russia's invasion of Ukraine, bread is at the forefront of inflation. Over one year, the increase in its price in the European Union is double digit: +18% in August, according to Eurostat figures. Remember that Russia and Ukraine are major exporters of cereals, wheat, corn, oilseeds (sunflower in particular) and fertilizers. What to ignite the course. This historic outbreak obviously masks disparities. In Hungary, the annual increase exceeds 66%. And in many Eastern countries like Lithuania, Poland, Croatia, Estonia, it is over 30%. In France, where overall inflation is more under control than elsewhere in Europe, the rise in the price of bread is more contained: +8.2%. Only Norway and Switzerland do better with +8.1% and +3.9%. Many French bakeries, mainly craftsmen, can indeed benefit from regulated tariffs and therefore from the tariff shield on energy ...

Source: Bfmtv