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

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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.

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.

Read more on euronews.com
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