The price of bread in the European Union rose 18% from the same period last year

[Global Times Comprehensive Report] According to data released by the EU Statistical Bureau on the 19th, in August, the price of bread in the European Union increased by an average of 18%compared with the same period last year, which is the largest increase since the EU Statistics Bureau began to count the data since December 2017.

According to reports, the price of bread in the two countries of Hungary and Lithuania has risen the largest, reaching 66%and 33%, respectively; the price of bread in France is relatively small to 8%; the price of bread in the Netherlands and Luxembourg has risen around 10%.In August last year, the price of bread in the European Union increased by only 3%year -on -year.

Reuters said that the cause of bread price increases is mainly the Russian -Ukraine conflict. The unstable situation of these two major grains and fertilizers exporters causes global market disturbances and exacerbates inflation.Global wheat prices have skyrocketed since February of this year, because the grain exports of the Black Sea region have been interrupted for several months. Russian producers cannot enter the Polish port, which leads to the key component of nitrate fertilizers -ammonia is difficult to transport.In August, the comprehensive price of bread and cereals in the European Union rose 16.6%, the largest increase since 1997.

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