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6/2/08

Forbes.com: EU food prices climb double the rate of inflation

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EU food prices climb double the rate of inflation

Food prices in the European Union rose by more than 7 percent over the past year, almost double the rate of inflation, the EU said Monday. Some of the EU's poorest members, in eastern Europe, have been hardest hit. Several experienced percentage increases in food prices that were in double digits. In Bulgaria, the cost of food increased 25.4 percent in the 12 months ending in April. Latvia saw a rise of 21.7 percent and Estonia of 18.3 percent over the same period.

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