Story perspectives

Food Inflation Soars in Europe Amid Crisis, Consumers Struggle

9/30/2025

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Summary

Story summary

Food inflation in Europe has risen by 20% to 57% since late 2019, despite overall inflation dropping to 2%, leaving consumers feeling poorer.
Olive oil prices have surged by about 50% in the EU, with the UK experiencing a 113% increase from 2019 to 2024.
Financial strain has led 84% of consumers to choose private-label and discounted products, a trend they plan to maintain even if their purchasing power improves.
Climate change and the Ukraine conflict are key factors driving food price increases, disrupting supply chains and raising costs.
Lower-income households are hit hardest, spending a larger portion of their income on food.

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Story summary

Food inflation in Europe has risen by 20% to 57% since late 2019, despite overall inflation dropping to 2%, leaving consumers feeling poorer.
Olive oil prices have surged by about 50% in the EU, with the UK experiencing a 113% increase from 2019 to 2024.
Financial strain has led 84% of consumers to choose private-label and discounted products, a trend they plan to maintain even if their purchasing power improves.
Climate change and the Ukraine conflict are key factors driving food price increases, disrupting supply chains and raising costs.
Lower-income households are hit hardest, spending a larger portion of their income on food.