Spectator on facebook

Spectator on facebook

Slovak food prices rose the most within the EU in January

Slovaks noticed more expensive foodstuffs straight away as they make up almost one-fifth of their total costs.

(Source: Sme)

In January, shoppers in Slovakia paid over 6.8 percent more y-o-y for foodstuffs and non-alcoholic beverages. This is the most significant increase within the EU for the third month in a row. The second highest increase was in Estonia at 5.6 percent and the Czech Republic and Hungary both at 4.5 percent.

The increase was most dramatic for eggs (up 49.5 percent) and butter (up almost 37 percent). By contrast, sugar was cheaper in local groceries at the beginning of 2018 by about 9 percent y/y, according to analysis compiled by the Slovak Farmers’ Cooperative (SFD), based on Eurostat data.

“In recent months, we have been experiencing such a rise in food prices that has not been seen here for a long time,” said analyst with the Slovak Farmers’ Cooperative Eva Sadovská, as cited by the SITA newswire. “After several years of decline or stagnation in food prices, at the end of 2017 the situation has made a U-turn.”

Slovaks noticed the rise in food prices right away as they make up almost one-fifth of our total costs, pointed out Sadovská.

Sadovská expects that food prices will continue to increase between 6.5 and 7 percent y/y over the following months.

The processing of personal data is subject to our Privacy Policy and the Cookie Policy. Before submitting your e-mail address, please make sure to acquaint yourself with these documents.

Top stories

We want a decent Slovakia, people chanted in squares

On the eve of the Velvet Revolution anniversary, people protested in the thousands, calling for a decent Slovakia.

Bratislava protest November 16, 2018

What we didn't know about our freedom

In 1989, we thought that once the job was done, we would only go out to the squares for Sunday walks.

November 1989 in Bratislava

The courage to fight for democracy

Authoritarian societies squander the possibilities of human achievement, of lives lived to their fullest, writes the US ambassador to Slovakia.

Illustrative stock photo

While France has Beaujolais Nouveau, Slovakia has St Catherine's wines

This warm summer with an early harvest was a blessing for young wine.

St Catherine's wines