What were the drivers of euro area food price inflation over the last two years?

Food price inflation was one of the main contributors to the strong rise in euro area headline inflation in 2022 and to the period of disinflation that followed.

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ECBECB
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https://www.ecb.europa.eu//press/economic-bulletin/focus/2024/html/ecb.ebbox202402_04~9b36bced23.en.htmlhttps://www.ecb.europa.eu//press/economic-bulletin/focus/2024/html/ecb.ebbox202402_04~9b36bced23.en.html
Retrieved on: 
onsdag, april 3, 2024
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Tags: 
Electricity, Commodity, Meat, Climate change, Pithing, Pressure, Farmer, Growth, Urbanization, ECB, Box, Vegetable, Food industry, Blog, Agriculture, COVID-19, Coronavirus, Soybean, Domestic, Air conditioning, Climate, Transport, Rest, Food, Overalls, World Bank Group, Leg, Rural area, BVAR, Drink, Nickel, Animal, Weather
Geotags: 
EU, SOUTH AMERICA, DC, UKRAINE, CHINA, EUROPE, WASHINGTON
Sammanfattning
Key Points: 
  • Food price inflation was one of the main contributors to the strong rise in euro area headline inflation in 2022 and to the period of disinflation that followed.
  • An extraordinary surge in energy costs was the main factor behind higher consumer food inflation in 2021 and 2022.
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