Europe reports Record Prices for Bread, in Bulgaria the Increase is almost 30%
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Loading... - Chavdar Koleva
- 22 Sep 2022
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The price of bread in Europe has risen by almost a fifth in the past year - the biggest increase since data were collected, the EU statistics office Eurostat reported.
In August, fueled by export troubles in two of the world's biggest grain exporters, Russia and Ukraine, it was 18% higher than a year earlier.
World wheat prices have been rising steadily since February because of the war in Ukraine, which has hampered exports from the two countries, which, in addition to being among the world's largest producers of grain, are also the biggest producers of fertilizers. In addition, the huge jump in the price of natural gas forced fertilizer producers in Europe to close, and others raised the prices of their products several times.
Ukraine's Black Sea exports have been blocked for more than five months, and its sanctions have cut off access to Baltic ports used by Russia to ship ammonia, a key ingredient in nitrate fertilizer.
The price is high, although "average"
The average price of bread in the EU was 18% higher in August 2022 than a year earlier, according to Eurostat data. This is the biggest price increase since December 2017. For comparison, for the whole of 2021, the price of bread has increased by 3%.
Hungary and Lithuania saw the highest annual changes in the average price of bread, with increases of 66% and 33% respectively.
The countries with the smallest price changes were France with 8% and the Netherlands and Luxembourg, which recorded growth of 10% each. Read More...
