1st Jun 2023


Bread prices up by 18% in a year across the EU

The price of bread across the EU in August was on average 18 percent higher compared to last year, according to figures from the bloc's statistics agency Eurostat released on Monday. The highest increase in bread prices was recorded in Hungary, followed by Lithuania, Estonia and Slovakia. Global food prices have been increasing since the start of the pandemic. Export disruption in Ukraine has pushed prices even higher.

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ECB: eurozone home prices could see 'disorderly' fall

The European Central Bank in its Financial Stability Review warned EU home prices could see a 'disorderly' fall as high mortgage rates are making houses unaffordable for households and unattractive for investors.

Adapting to Southern Europe's 'new normal' — from droughts to floods

Extreme weather events in recent months have worsened agricultural production in southern Europe, prompting concerns for authorities in Portugal, Spain, France and Italy. As countries will likely face dryer conditions, experts urge adaptation measures for the 'new normal'.

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