September 25, 2022

Inflation is eighteen% throughout the EU and eight% in France. The worth 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 response to information revealed on Monday by the European statistical company Eurostat, cited by Le Figaro. Whereas this development was solely 3% within the earlier 12 months.

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

Power Disaster and Commodity Costs

France hasn’t been unnoticed, however it’s greater than its neighbors with a baguette promoting 8% extra a 12 months. In keeping with Eurolstat, most of those extra 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 gasoline and electrical energy (+49%). Not surprisingly, the warfare in Ukraine has exacerbated these traits.

Leave a Reply

Your email address will not be published.