The rise and rise of Europe's bread prices amid the war in Ukraine
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Loading... - Jasper Cobus
- 23 Sep 2022
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Bread prices have risen sharply across Europe over the past year, new data reveals, with the increase particularly steep since Russia's invasion of Ukraine.
They were on average 18% higher in August than a year before, according to Eurostat, the EU's statistical agency.
In August last year, average increases in EU bread prices were at just 3%.
Eurostat says bread prices are at their highest level.
Hungary has been the worst hit - it saw a huge 65.5% rise over the year, while France, famous for its baguettes, has seen the slowest growth in prices.
Russia's invasion and the blocking of grain exports from Ukraine -- which was the world's fifth largest exporter of wheat -- have seen prices surge. Read More...
