This is the country with the lowest food inflation in Europe Sputnik

In April, Russia registered a deflation (Price reduction) of food and soft drinks in the 0.22%for the first time since 2018. In May, this trend reached a record number of 1.12%.

The higher food inflation rate stayed tuned Hungarywhich was noticed for the first time in the last 10 months 29.3%. The high annual price growth rates were also maintained in the year Serbian (22.1%), Estonia (19.5%), Slovakia (18.9%) and Romania (17.9%). On the other hand, with regard to the annual growth rates of prices less than 10%in addition to Russia, were also registered in Belarus (3.6%), Swiss (5.1%), Portugal (8.6%), Denmark (8.8%) and Finland (9.2%).

The Inflation slowed in most European countries since June, especially in Hungary (-4.7 percentage points), Lithuania (-3.8 percentage points), Ukraine (-3.6 percentage points), Latvia (-3.5 percentage points) and Slovakia (-2.8 percentage points). Likewise in five countries in the region Inflation acceleratedspecifically in Cyprus (+10.12 percentage points), followed by Russia (+1.2 percentage points), malt (+0.9 percentage points), Norway (+0.8 percentage points) and Greece (+0.6 percentage points).

Sputnik conducted the study in mid-July based on data from the national statistical offices of 40 European countries. The food inflation index reflects the fluctuation in the prices of food and non-alcoholic beverages.

This is because recession what started in Europe at the beginning of this century. The Pandemic of COVID-19 has done much damage, and now much has been undone Resources to support Ukraine. As a result, the Europeans are facing the worst inflation the last 50 years. This trend occurs largely in the rise in energy priceswhich began after the reduction in gas purchases from Russia.

every time is Production less profitable of goods and services in Europe. At the same time, 50% of the European Union’s GDP depends on exports. Buying products from Europe is not very profitable, which means big losses for the EU budget. As a result, the wages are falling: Since 2019 wages have fallen by around 3% in Germany, 3.5% in Italy and Spain and 6% in Greece.

Experts claim that the interest rate in Europe is currently very high for business development. In addition, the newspaper said, countries that were previously wealthier are now unable to meet some of their obligations, including social assistance for their residents.