September 25, 2022

Inflation is eighteen% throughout the EU and eight% in France. The value of baguette bread has skyrocketed within the final twelve months.

Many observers really feel it each day. Baguette costs within the European Union rose by a mean of 18% between August 2022 and August 2021, in line with knowledge revealed on Monday by the European statistical company Eurostat, cited by Le Figaro. Whereas this progress was solely 3% within the earlier yr.

This improvement hides important variations. Hungary was hit the toughest with a 66% year-on-year progress, adopted by Lithuania, Estonia (+33%) and Slovakia (+32%).

Vitality Disaster and Commodity Costs

France hasn’t been overlooked, but it surely’s larger than its neighbors with a baguette promoting 8% extra a yr. In response to Eurolstat, most of those further prices are associated to the warfare in Ukraine. The annual inflation charge within the Eurozone is 9.1%.

How can these spectacular will increase be defined? Our colleagues from Les Echos level out, on the one hand, the rise in costs for uncooked supplies, particularly for flour and different cereals (+30%), in addition to the rise in costs for fuel and electrical energy (+49%). Not surprisingly, the warfare in Ukraine has exacerbated these traits.

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