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%.  

Line graph: Inflation rate for sugar in the EU, %, annual rate of change

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%).

Bar chart: Inflation rate for sugar, %, annual rate of change, in March 2023

Source dataset: prc_hicp_manr

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