Bread has never been so expensive - Economic Policy

Bread has never been so expensive – Economic Policy

Bread has never been so expensive in Europe, indicates the European statistical office Eurostat. Its price has increased more than general inflation.

Last August, bread was on average 18% more expensive than a year earlier. Headline inflation in Europe was 10% in August.

In Belgium, the rise in the price of bread is 13% over one year, which is below the European average. The smallest increase is observed in France (less than 10%) and the highest in Hungary, with an increase of more than 60%.

To explain the phenomenon, Eurostat points to theRussian invasion of Ukraine which shook the world market for cereals, wheat, oil and fertilizers, causing the prices of these products to explode.

Last August, bread was on average 18% more expensive than a year earlier. Global inflation in Europe stood at 10% in August. In Belgium, the rise in the price of bread is 13% over one year, ie below the European average. The smallest increase is observed in France (less than 10%) and the highest in Hungary, with an increase of more than 60%. To explain the phenomenon, Eurostat points to the invasion of Russia in Ukraine which shook the world market for cereals, wheat, oil and fertilizers, causing the prices of these products to explode.

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