Brussels, Mar 10 (AP) The humble egg has become a star performer for all the wrong reasons as inflation has hit households across the European Union extremely hard over the year.
The EU's statistical agency Eurostat announced Friday that the average price of an egg — that important staple for poor families and gourmet cooks alike — had risen by 30 per cent over the year to January 2023, becoming a symbol of how the cost of living has hit everyone in the 27-nation bloc.
Also Read | Indian-Origin Teen in Singapore Charged for Cheating on Bank, Abetting Money Laundering.
Even if the latest inflation figures show that annual inflation in the 20-nation eurozone has started to decline to 8.5 per cent in February, the sector of food, alcohol and tobacco continued to rise and stood at 15 per cent.
And then, eggs outperform just about all. Two years ago, egg inflation still stood at a lean 1 per cent, rising to 7 per cent the year after before reaching 30 per cent in February.
Also Read | US: Woman Dies of Severe Malnutrition After Carrying Rare 'Stone Baby' Inside Her For Nine Years.
Egg prices were whipped up the most in the Czech Republic, rising 85 per cent over the year, followed closely by two other central European nations — Hungary (80 per cent) and Slovakia (79 per cent). Germany and Luxembourg stood at the other end, with both experiencing a relatively lower increase of 18 per cent.
In the United States, egg prices have surged over the past year because of the ongoing bird flu outbreak and the highest inflation in decades. The national average retail price of a dozen eggs hit USD 4.25 in December, up from USD 1.79 a year earlier, according to the latest government data. (AP)
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)













Quickly


