• Hungarian forint
  • Budapest
  • Police news
  • HelloMagyar
Price of bread in Hungary has increased three-fold compared to EU averagePrice of bread in Hungary has increased three-fold compared to EU averagePrice of bread in Hungary has increased three-fold compared to EU averagePrice of bread in Hungary has increased three-fold compared to EU average
  • Politics
  • Business
  • Society
  • Sport
  • Culture
  • Special Hungary
  • News To Go
  • World
  • Contact Us
  • About us
  • About us
  • Contact Us
  • Privacy Policy
✕
Important
  • This is how Hungary could be kicked out of the EU

  • BREAKING: Explosion at a family house, one policeman died in Hungary

  • Another airline to fly to Budapest for Christmas

Support us
Bíborka Prágai Bíborka Prágai · 20/09/2022
· Society

Price of bread in Hungary has increased three-fold compared to EU average

bread hungary

Photo: MTI

Eurostat published data on the changes in the price of bread in the last year. The figures show a big rise in the European Union, and Hungary leads the list. 

“In August 2022, the price of bread in the EU was on average 18 percent higher than in August 2021. This is a huge increase compared with August 2021, when the price of bread was on average 3 percent higher than in August 2020.” – reports Eurostat. This is a dramatic increase indeed but it is not even close to what is happening in Hungary.

  • Read also: Price caps, EU money, crisis: here are the government’s extraordinary announcements!
kenyér áremelkedés eu

Price of bread compared to August 2021, figure: Eurostat

At the low end of the graph, France got away with an 8.2 percent increase, less than half of the EU average. On the other end of the list, Lithuania experienced a 33 percent rise while both Estonia and Slovakia saw a 32 percent surge. However, on the very left, Hungary stands out with a column almost twice as tall as the second place’s.

Hungarian bread prices have increased by 66 percent within just a year since August 2021.

The main reason for this is that Russia and Ukraine were major exporters of grains, wheat, maize, oilseeds (particularly sunflowers) and fertilisers. Due to the Russian invasion of Ukraine, both countries’ production and export came to a halt, causing a disturbance in the global market.

It did not help either that there was a severe drought in the summer and the grain harvest was poor. On top of that, energy costs have skyrocketed recently and the prices in the labour market continued to surge also. Hungarian bakers had already warned customers back in January that the mills would significantly raise the price of flour, writes HVG. Since this occurred before the outbreak of the Russian-Ukraine war, it indicates that the roots of the issue are not connected to the geopolitical conflict.

  • Read also: Fuel shortage to come next week at many petrol stations in Hungary

Source: HVG

If you would like to support the work of the Daily News Hungary staff and independent journalism,
please make a donation here
economic crisis in Hungary economy energy crisis in Hungary EU sanctions against Russia Hungarian economy Hungary war in Ukraine
Share

Hot news

  • Hungarian real estate market prognosis: brutal price falls and partial collapse

  • Planet Budapest 2023 will open soon

  • Fidesz parl group leader: “we are waiting for explanation on Swedish film about Hungary”

  • Hungarian border protection cure for illegal migration

  • What happened today in Hungary? 21 September, 2023

  • Ferencváros started the European Conference League with a win

1 Comment

  1. Wolfy says:
    24/09/2022 at 02:25

    Apam always said “Revolution comes when people can’t feed their families!” Hope there is some relief soon.

Leave a Reply

Your email address will not be published. Required fields are marked *

SUPPORT US
  • Facebook
  • Twitter
  • Instagram

Must read

Subscribe to our newsletter

Sign up to receive daily updates, news & stories about Hungary!

Select your location below or enter your country so we can deliver our morning newsletters to you in time.

Thank you!

You have successfully joined our subscriber list.

.

Contact us

About us

Copyright rules

Privacy policy

Advertise with us

© 2023 DailyNewsHungary. All rights reserved! | Server and development by Svigelj Levente E.V
Hungarian real estate market prognosis: brutal price falls and partial collapse

Hungarian real estate market prognosis: brutal price falls and partial collapse

Read More
Planet Budapest 2023 will open soon

Planet Budapest 2023 will open soon

Read More
Fidesz parl group leader: “we are waiting for explanation on Swedish film about Hungary”

Fidesz parl group leader: “we are waiting for explanation on Swedish film about Hungary”

Read More
Hungarian border protection cure for illegal migration

Hungarian border protection cure for illegal migration

Read More
What happened today in Hungary? 21 September, 2023

What happened today in Hungary? 21 September, 2023

Read More
Ferencváros started the European Conference League with a win

Ferencváros started the European Conference League with a win

Read More
Hungarian opposition: WHO mustn’t be allowed to become ‘world government’

Hungarian opposition: WHO mustn’t be allowed to become ‘world government’

Read More
President Novák: Hungary ready to take part in any peace initiative for a lasting ceasefire in Ukraine

President Novák: Hungary ready to take part in any peace initiative for a lasting ceasefire in Ukraine

Read More
Michelin Guide Hungary 2023: Sommelier of the Year winner named

Michelin Guide Hungary 2023: Sommelier of the Year winner named

Read More
The Hungarian government would use EU money to build a bridge for military purposes

The Hungarian government would use EU money to build a bridge for military purposes

Read More
  • 0
  • 1
  • 2
  • 3
  • 4
Have you read it?