Rising Eurozone Food Prices Outpace General Inflation, Straining Household Budgets

Households across the eurozone are now spending roughly a third more on food than they did before the COVID-19 pandemic, a rise that far exceeds increases in the prices of other goods. According to the European Central Bank (ECB), this surge is largely driven by higher labor costs and rising global commodity prices, factors that have made the overall consumer basket significantly more expensive. Despite headline inflation having fallen sharply - from a high of 10....Weiter zum vollständigen Artikel bei Novinite Weiter zum vollständigen Artikel bei Novinite