Italy: Inflation, the price of bread rises by 13.6%

Published 2022년 9월 19일

Tridge summary

Eurostat data reveals that bread prices in Europe have surged by 18% in a year, with Italy experiencing a 13.6% increase, attributed to the ongoing conflict in Ukraine and the energy crisis. Other food items like pasta, seed oil, and flour have also seen significant price hikes, leading to a situation where a family of four in Italy will spend an additional €175 on bread and cereals in 2022 compared to the previous year. There is broad consensus among stakeholders like Codacons, Assoutenti, and Coldiretti that urgent action, including VAT cuts on basic necessities and higher pricing for wheat to better reflect production costs, is necessary to alleviate the growing burden of food prices on consumers.

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

Original content

The inflation alarm also affects a food par excellence such as bread. After the alarm raised by the bakers, Eurostat confirms: bread has increased by 13.6% in a year in Italy, well above average inflation, and by 18% at European level. By way of comparison, the European Statistical Institute recalls that between August 2020 and August 2021, the average increase in the price of bread in the EU was 3%. The greatest increases, in the period August 2021-August 2022, were recorded in Hungary (+ 66%) in Lithuania (+ 33%), in Estonia and Slovakia (+ 32%). The countries least affected by the phenomenon were France (+ 8%), Holland and Luxembourg (+ 10%). "The cause of the increases - comments Codacons - is once again to be found in the conflict that has broken out in Ukraine and in the consequent escalation of the costs of raw materials, which is associated with the energy emergency. Other products are also affected by the ongoing war: this is the case of pasta, whose prices, according to ...

Source: Il sole 24 ore