With food prices increasing substantially over 2022, sugar has been one of the food products with the highest price hike. Monthly data indicates a continuous increase in the annual rates of change starting August 2021, reaching 61% in February and March 2023, meaning that sugar prices in the EU in those two months were, on average, 61% higher than in the same months of 2022. 

The annual rate of change for March 2022 was almost six times lower (11%), and the difference is even more sizeable two years back, in March 2021, when the rate was 1.6%.  

Source dataset: prc_hicp_manr

Czechia: highest increase in annual inflation of sugar prices at 98%

In March 2023, the highest increases in annual inflation for sugar were recorded in Czechia (98%), Estonia (97%), Poland (82%), Germany (72%), and Latvia (70%), while smaller but still considerable increases were registered in Hungary (17%), followed by Luxembourg (19%), Belgium (35%), Bulgaria (36%) and Ireland (37%).

Source dataset: prc_hicp_manr

Would you like to know more about the price changes of food? 

Discover the food price monitoring tool now by selecting different countries, food items, or indices to explore how food prices have changed over the years:

The data in the tool are regularly updated when new data become available.