Price Rise of Meat in Greece Amongst Highest in Europe

Meat prices in Greece rose by almost 6%  nearly double the EU average, according to recent data from Eurostat.

Meanwhile prices in the European Union witnessed a significant uptick in February 2024 compared to the same period last year, with an overall increase of 3.3%. Pork emerged as the frontrunner with a notable spike of 5.7%, outpacing lamb and goat at 4.5%, and beef and veal at 3%. Conversely, poultry experienced a dip, registering a decrease of 1.6% compared to February 2023.

Examining trends over the past three years reveals fluctuating annual inflation rates for meat, with the highest rates observed between April 2022 and March 2023, peaking at over 10%. Notably, February 2023 marked the zenith with a staggering 17.3% surge compared to the preceding year.

Despite relatively stable increases for beef, veal, lamb, and goat, remaining below 15% over the past three years, poultry and pork prices exhibited higher volatility. Poultry prices saw a sharp rise of 24.4% in November 2022, while pork prices surged by 18.8% in February 2023.

In February 2024, the majority of EU nations reported an upswing in meat prices compared to the previous year, with Bulgaria leading the pack with an 8.2% hike, trailed closely by Romania at 7.7%, and Croatia at 7.1%.

Conversely, three countries bucked the trend, witnessing a decrease in meat prices: Czechia saw a notable drop of 5.1%, followed by Finland at 2.2%, and Denmark at 0.6%.

(Source: Eurostat)