Meals | 157% enhance in additional virgin olive oil

Meals | 157% enhance in additional virgin olive oil

In January 2022, €4.46 was sufficient to purchase a 75cl bottle of additional virgin olive oil, however €11 is now not sufficient.

“The struggle in Ukraine has induced the costs of some meals objects to rise. After the beginning of the battle, on February 24, 2022, costs of merchandise corresponding to cooking oil noticed a steep and steep rise. Because the yr progressed , whereas the worth of additional virgin olive oil began to rise after cooking oil costs fell, in January 2022 the worth of a 75cl bottle of olive oil was 4.46 euros, however two years later, the worth of olive oil was the identical. To purchase a bottle will price you 11.46 euros (157% extra)”, explains the patron safety group.

In distinction, cooking oil, “which noticed its value rise instantly after the struggle broke out, was 5 p.c cheaper in March 2024 than within the first week of 2022”, and “a liter bottle now prices 2.19 Euro, however it prices 3.87 Euros, on March 30, 2022”.

In response to DECO PROteste knowledge, “the implementation of the VAT exemption on the meals basket in April 2023 helped stop additional will increase within the value of olive oil”, however “from September 2023, the worth of the product is on the rise once more.”

“On February 7 of this yr, it reached the very best value since DECO PROteste began monitoring the worth of this product: 11.91 euros. On March 20, it fell barely to 11.46 euros”.

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