The price of meat in Europe rises 3.3% in a year

Published 2024년 4월 8일

Tridge summary

In February 2024, the European Union witnessed a notable increase in meat prices, with a 3.3% rise compared to the same month in 2023. Pork prices led the surge, increasing by 5.7%, while poultry prices bucked the trend by decreasing 1.6%. This period of price fluctuations, which included a significant 17.3% price jump in February 2023 from the year before, has been particularly pronounced over the past three years. The highest annual meat inflation rates were recorded between April 2022 and March 2023. Bulgaria, Romania, and Croatia experienced the most substantial price increases in February 2024, whereas Czechia, Finland, and Denmark saw price decreases, highlighting the varied impact across the EU.

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 was 3.3% higher than in February 2023, according to Eurostat data, which shows that pork registered the largest increase, 5.7 %, ahead of lamb and goat (+4.5%) and beef (+3%). Poultry farming, on the other hand, registered a decrease of 1.6% compared to February 2023. Over the past three years, annual meat inflation rates were the highest between April 2022 and March 2023, with annual variation rates exceeding 10%. The highest rate was recorded in February 2023 when the price was 17.3% higher than in February 2022. The annual increase in beef, veal, lamb and goat meat prices has remained below 15% for the past three years. The price of poultry meat (+24.4% in November 2022) and pork (+18.8% in February 2023) registered greater fluctuations. In February 2024, most EU countries ...

Source: Financialfood