The price of Bread rose by about a fifth in European Union in August like Russia invasion of Ukraine, both are major exporters of Grain and fertilizer, continued to crash global Market acceleration and headline inflation.
Global wheat prices have risen since February, after the war halted grain exports from the Black Sea for Months and restriction of fertilizer shipments as Russian producers lost access to the Baltic Sea ports they had used to ship ammonia, a key the ingredients in Nitrate fertilizer.
average price of bread in The European Union was 18% higher in August 2022 from year Earlier, data from block statistics office show up on Monday , highest rise Since December 2017, when Eurostat started compiling the statistics.
In August 2021, average price of bread rose 3% year-over-yearEurostat said.
Hungary and Lithuania experienced highest annual changes in medium bread price in August, with Increases of 66% and 33%, respectively.
The countries with The lowest average increase was France at 8%, and the Netherlands and Luxembourg which posted 10%. rise All.
Bread prices are constantly rising in European Union this yearfrom average of 8.3% in February, when Russia launched what it called “special military proces” in Ukraine.
Combined prices of Bread and cereals 16.6% in August, hmm highest rise Since at least January 1997.
Eurozone inflation hit a record high of 9.1% in August, Eurostat confirmed on Friday, sharply driven higher Energy and food prices.
2.25 percent said points of The year-on-year The change came from food, alcohol and tobacco.