Eurozone annual food prices rose 6.2% in April compared with 3.3% for overall inflation; Irish food prices rose 8.4%; Annual price increase in the EU was 14.9% for milk, cheese & eggs
Jun 3rd, 2008 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Eurozone Food Prices: Since the end of 2006, but particularly since July 2007, food prices in the EU have increased more rapidly than overall inflation. The same pattern was observed for the Eurozone. In April 2008, the annual increase in food prices in the EU was 7.1%, compared with 3.6% for overall inflation, as measured by the all-items HICP (EU Harmonized Index of Consumer Prices). In the Eurozone, the annual increase in food prices was 6.2%, compared with 3.3% for overall inflation.