Bread became more expensive in the EU by almost a fifth

Bread prices in the European Union rose by almost a fifth year-on-year in August as Russia's invasion of Ukraine continued to roil global markets and accelerated inflation. These effects occurred in the markets of both grain and fertilizer exporters. Global wheat prices have surged since February after the war halted grain exports from the Black Sea for months and limited fertilizer shipments as Russian producers lost access to Baltic Sea ports used to ship ammonia, a key ingredient in nitrate fertilizers. . In August 2022, the average price of bread in the EU was 18 percent higher than a year earlier, data from the EU statistical office showed, which is the highest increase since December 2017, when Eurostat began compiling this type of statistics. According to Eurostat, in August 2021, the average price of bread rose by 3 percent annually. Hungary and Lithuania saw the largest annual change in the average bread price in August, by 66 and 33 percent, respectively. The lowest ...