Food prices in the EU have risen dramatically in 2022 and the first half of 2023. The drivers of this increase originated in energy cost increases, aggravated by the effects of drought and animal disease outbreaks, but high global market prices in part due to the Russian invasion of Ukraine after February 2022 also helped to pull food prices higher and may have facilitated some element of profit-led inflation. Households have responded by buying less and trading down, with an increasing number turning to food banks to help make ends meet. Some limited steps were taken at EU level to...
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