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Bread price never so high in the EU, Eurostat: Ukraine war effect





“Huge increase” –

This is, underlines Eurostat, a “huge” increase, considering that a year ago the price of bread was on average 3% higher than in August 2020. The monthly data also show a significant increase in global inflation , although not that big (+ 3% to + 10%).

The increase in the price of bread in the various countries –

In August 2021, the highest average rate of change in bread prices was recorded in Hungary (+ 66%), followed by Lithuania (+ 33%), Estonia and Slovakia (+ 32%). The lowest rate was recorded in France (+ 8%), the Netherlands and Luxembourg (both + 10%).

The price of other food products is also increasing –

According to Eurostat data, all food prices have increased in general, with particularly marked growth in the prices of cooking oils and fats. In the article, the increases are attributed in particular to the Russian invasion of Ukraine, which significantly disturbed the global markets and the markets of both nations, usually large exporters of cereals, wheat, corn, oilseeds (especially sunflowers ) and fertilizers.

Unc: Italian bread rises in 23rd place –

The 18% increase in bread prices reported by Eurostat is “very worrying, even if Italy is only in 23rd position out of the 32 countries considered and the rise stops at 13.5%”. This was stated by Massimiliano Dona, president of the National Consumers Union. “The raw material, that is soft wheat, affects only 10% of the final price and that according to Ismea only 3% of Italian imports came from Ukraine and 1% from Russia. In short, the cost is more. of the energy that led to the increase in Italy “, concludes Dona.

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