Sugar prices in the EU have increased by 61% in one year

Eurostat notes the significant increase in food prices in 2022, with sugar being one of the food products with the highest price increase. The monthly figures show a steady increase in the annual rate of price appreciation since August 2021, reaching 61% in February and March 2023, meaning that EU sugar prices in those two months were on average 61% higher , than in the same months of 2022. Eurostat highlights that the annual rate of change for March 2022 was almost six times lower (11%), and the difference was even more significant two years ago, in March 2021, when the rate was 1.6 %. The largest increase in sugar prices of 98% was recorded in the Czech Republic In March 2023, the largest increase in annual sugar price inflation was ...