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Olive oil price rises by 75% from 2021

Last time updated
02.11.23
Olive oil price rises by 75% from 2021

The latest Eurostat report shows it. From the beginning of 2022 until now, food prices in the EU have been rising. This increase does not apply to all categories. Some show wave-like price dynamics, for example the cost of eggs is higher than in January 2021 and 2022, but not as high as it was a few months ago.

What is increasing systematically and continuously is olive oil. The cost of this product is already 75% higher than in January 2021. This has affected the Paella Index (the average cost of preparing the traditional Spanish dish) and the shopping baskets of many Europeans.

The price of potatoes has also changed significantly. Since January 2021 it has increased by 53%, but the price peak was in June this year. At that time, potatoes cost up to 60% more than 2 years ago.

Eggs and butter show about the same price movement. Having passed the peak, they begin a trend of slow decline.

Last time updated
02.11.23

Source: Eurostat

We took photos from these sources: olive oil in a bottle next to the salad

Authors: Kadriia

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