Analytics, EU – Baltic States, Foodstuff, Markets and Companies

International Internet Magazine. Baltic States news & analytics Wednesday, 19.06.2024, 22:52

Food prices in Estonia grew more than in any other EU country in 2011

Juhan Tere, BC, Tallinn, 16.08.2012.Print version
The average increase in food prices in the European Union was 3.2% in 2011, while in Estonia food prices increased 8.5% and in Latvia 7.8%, writes Äripäev.ee/LETA. The price growth in foodstuffs was also fast in Lithuania and Hungary (7.7% in both countries).

Estonia experienced the fastest increase in the prices of coffee, tea and cocoa (36.5%) while in Finland the prices in this category grew 30.5% and in Lithuania 27.0%.

 

According to Eurostat, the 2011 average price increase in the 27 EU Member States was 3.1%, on the basis of harmonised consumer prices index that is similarly calculated across the EU. In Estonia the prices grew 5.1%, and with this indicator the country ranked second after Romania (5.8%). In the United Kingdom, the price growth in 2011 was 4.5% and in Latvia 4.2%.






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