Bread prices jump nearly a fifth in EU, Eurostat says, as war in Ukraine weighs

Bread prices jump nearly a fifth in EU, Eurostat says, as war in Ukraine weighs
Bread prices jump nearly a fifth in EU, Eurostat says, as war in Ukraine weighs

French baker Mickael Reydellet, wearing a protective mask, poses with freshly baked baguettes at ‘La Parisienne’ bakery in Paris, France, February 17, 2021. REUTERS/Sarah Meyssonnier

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September 19 (Reuters) – The price of bread rose by nearly a fifth in the European Union in August as the Russian invasion of Ukraine, two major grain and fertilizer exporters, continued to disrupt global markets and headline inflation has accelerated.

Global wheat prices have jumped since February after war halted Black Sea grain exports for months and restricted fertilizer shipments as Russian producers lost access to Baltic Sea ports that they had used to ship ammonia, a key ingredient in nitrogen fertilizers. Read more

The EU’s average bread price was 18% higher in August 2022 than a year earlier, data from the bloc’s statistics office showed on Monday, the biggest rise since December 2017, when Eurostat reported. started compiling statistics.

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In August 2021, the average price of bread increased by 3% year-on-year, according to Eurostat.

Hungary and Lithuania recorded the largest annual changes in average bread prices in August, with increases of 66% and 33% respectively.

The countries with the lowest average increases are France with 8%, and the Netherlands and Luxembourg which recorded an increase of 10% each.

Bread prices have risen steadily in the EU this year, compared to an average of 8.3% in February, when Russia launched its so-called “special military operation” in Ukraine.

Combined bread and grain prices rose 16.6% in August, their biggest increase since at least January 1997.

Eurozone inflation hit a record high of 9.1% in August, Eurostat confirmed on Friday, driven by sharp rises in energy and food prices. Read more

He said 2.25 percentage points of the year-over-year change came from food, alcohol and tobacco.

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Reporting by Diana Mandiá in Gdansk; edited by Milla Nissi and David Evans

Our standards: The Thomson Reuters Trust Principles.

. price bread leaps near dun fifth in eu according to Eurostat so war Ukraine weighs

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