EU food prices: Olive oil up 75% since January 2021

In September 2023, the price of olive oil was 75% higher than in January 2021. In January 2022, prices were already 11% higher than the same month of the year before, and between September 2022 and September 2023, prices registered a sharp increase.

Potato prices were also on a staggering rise. Since January 2021, prices for potatoes increased by 53% in September 2023, following a peak in June 2023 (+60%).

As for the prices of eggs, in September 2023, they were 37% higher than in January 2021. Egg prices stabilized in the first 2 quarters of 2023 and showed some decrease in August and September this year.

Butter prices evolved in a similar manner. Prices for butter peaked in December 2022 (+44% compared with January 2021) and then slowly started to decline. In September, butter was 27% more expensive than in January 2021.

Source dataset: special extraction

More information

• Thematic section on the harmonized indices of consumer prices
• Database on the harmonized indices of consumer prices
• Statistics 4 beginners workbook on inflation
• Education Corner with videos and exercises, including on price statistics
• Visualizations on the harmonized index of consumer prices
• Food price monitoring tool
• Inflation explained to kids: video available on YouTube

• European Commission Audiovisual Service

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