Bulgaria: Olive oil in our country rose in price by 25% in a year, on average in Europe by 50%

Published 2024년 2월 27일

Tridge summary

Olive oil prices have seen a significant surge across the European Union, with a notable 50% increase in January 2024 compared to the same period in 2023. The steepest price hikes were observed in Portugal, Greece, and Spain, with increases of 69%, 67%, and 63% respectively. On the other hand, Romania, Ireland, and the Netherlands experienced the smallest increases, ranging from 13% to 18%. Meanwhile, Bulgaria saw a 25% rise in olive oil prices over the past year.

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

Original content

In Bulgaria, the price of olive oil has increased by about 25 percent over the last year, according to Eurostat data. In the EU, in January 2024, the price of olive oil in the EU was 50 percent higher than in the same month last year. The price of olive oil has soared in the second half of 2023 with growth of 37 percent in August (compared to August 2022). This trend accelerated in September (+44 percent) and October (+50 percent). The peak annual rate of change occurred in November 2023 (+51 percent from November 2022). In December, there was a slight slowdown, with prices being 47 percent higher (compared to December 2022), adds BTA. In January 2024, all EU countries recorded an increase in the price of olive oil on an annual basis. The biggest increase was recorded in Portugal (+69 percent compared to January 2023), ...

Source: Dnes