In Europe, the cost of bread in August increased by over 18% compared to a year ago

After the electoral drunkenness, we try to resume our usual analysis of international agricultural markets. We immediately report in Sandro Puglisi's report a few days ago a piece of news that is worth dwelling on: the increase in the price of bread in Europe. This is happening at a time when the dollar is very strong and the euro - the single European currency - is at an all-time low. “Worrying economic indicators in Europe have plunged the European currency - writes Puglisi -. In the Eurozone, inflation was a record 9.1% in August due to the increase in energy and food prices. Eurostat, the statistical agency of the European Union, reported that bread prices in August 2022 were 18% higher than a year ago, the highest increase since December 2017. Eurostat said prices have increased more in Hungary, which recorded a 66% price increase, and Lithuania recorded a 33% increase. The combined cost of bread and cereals increased by 16.6%, the highest rate since January 1997 ″. The ...