In the EU's inflation crisis, the humble egg takes the cake
The humble egg has become a star performer for all the wrong reasons as inflation has hit households across the European Union extremely hard over the year
BRUSSELS (AP) — The humble egg has become a star performer for all the wrong reasons as inflation has hit households across the European Union extremely hard over the year.
The EU's statistical agency Eurostat announced Friday that the average price of an egg — that important staple for poor families and gourmet cooks alike — had risen by 30% over the year to January 2023, becoming a symbol of how the cost of living has hit everyone in the 27-nation bloc.
Even if the latest inflation figures show that annual inflation in the 20-nation eurozone has started to decline to 8.5% in February, the sector of food, alcohol and tobacco continued to rise and stood at 15%.
And then, eggs outperform just about all. Two years ago, egg inflation still stood at a lean 1%, rising to 7% the year after before reaching 30% in February.
