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EU Agricultural Products Increase by 26% in Fourth Quarter


The annual rise in agricultural prices slowed in the fourth quarter of 2022 to 26% in the European Union (EU), from 30% in the previous quarter and 17.5% year-on-year, according to data released today by Eurostat.

According to data from the European statistical service, between October and December 2022, the price of agricultural products as a whole (production) had the highest increases in Hungary (52.9%), Poland (44.2%), and Germany (38%), with Malta (3.8%), France (13.7%) and Cyprus (14.5%) with the lowest increases.

In Portugal, prices in agricultural production advanced, in the fourth quarter, 31.5%, compared to 27.9% in the previous quarter and 19.4% in the same year.

Eggs (64%), pork (52%), and olives (51%) increased the most in the EU in the period concerned. While in Portugal, these prices rose by 74%, 66.9%, and 73.9% respectively during the last quarter of 2022.

Samantha Gannon

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