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The rise and rise of Europe's bread prices amid the war in Ukraine

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euronews.com

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.

Bread is not the only product that has seen a sharp increase in price. The combined prices of bread and cereals have increased by 16.6% in the Eurozone, the highest rise since January 1997.Maybe unsurprisingly, the rising cost of food and energy prices has also contributed to higher inflation, together with skyrocketing energy prices.

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