No fruit, ham a luxury: Hungary food prices spike most in EU
apnews.com
Food prices have risen dramatically across Europe in recent months, but Hungary has seen the biggest spike. That's hitting consumers hard, forcing them to change what kind of food they buy and how much of it they can afford. Businesses also are rethinking what they sell as food prices in Hungary have surged more than 45% over the year. In the European Union, those costs have jumped 19.6%. An ING Hungary economist says the country's “extreme inflation” can be traced to inefficiencies in farming and food processing and a historic devaluation of the currency. That's made the surge in food prices worse than in other European economies also facing a cost-of-living crisis fueled by Russia’s war in Ukraine.
    • @frippa
      5•1 year ago

      If the prices of energy has fallen someone should call my electrical company, because they don’t know this

    • ☆ Yσɠƚԋσʂ ☆OP
      2•1 year ago

      It’s 19.6% according to the latest sources AP uses, and energy costs are still several times of pre-war levels in Europe. Energy costs are also now much more volatile because Europe has to buy LNG on the spot market competing with other countries. Now that China’s economy is starting to ramp up, there will be a lot more demand for LNG driving prices up.

            • ☆ Yσɠƚԋσʂ ☆OP
              1•1 year ago

              Ah yes, the good old I’m not personally affected yet so everything is fine. The reality is that Europe lost access to cheap energy, and now has to compete for LNG on the spot market. There will be ups and downs in the prices, but the overall trend here is pretty clear. Since you evidently don’t understand the basics of supply and demand, I really don’t know what else to tell you. Needless to say, you won’t have to wait too long to find out what that means for you personally.

                • ☆ Yσɠƚԋσʂ ☆OP
                  2•1 year ago

                  Why so defensive?

                  I’m just stating my observation here based on the comments you’ve made.

                  The usual excuses if you fail to prove your claims, Bingo!

                  I’ve explained the mechanics of what’s happening to you several times here. You just ignored that and kept repeating how your bills haven’t gone up as much yet. The proof of my claims will be evident to you as your cost of living continues to climb.

                  That’s just not true anymore, believe it or not.

                  All the available data contradicts this claim, and even another commented in this very thread called out your bullshit, but do go on bud.