Sweden Food Prices Record The Highest Surge In 7 Years; Vegetable Prices Rise By 80 Per Cent

by Shreya Ghosh
Sweden Food Prices Record The Highest Surge In 7 Years; Vegetable Prices Rise By 80 Per Cent

Different corners of the world are going through inflation. There are so many things that are seeing a high rise in prices and this time Sweden is also going through such a scenario. The European country experienced a massive soar in the prices of food items in the past 1 year. The percentage of the rise exceeded about 20 per cent. Shockingly, this is the most inflated rise Sweden witnessed in the past so many decades.

For The First Time In The Last 7 Decades, Sweden Registered The Highest Surge Of Food Prices

Picture credit- Pixabay

This is such a startling realisation for the country as it hit its highest surge of food prices in a period of more than 70 years. According to Xinhua news agency, the cost of food and non-alcoholic beverages saw an increase of 20.95 per cent in the time period between February 2022 and February 2023 in comparison to the last to last 12 months. Statistics Swedens shared the numbers on Wednesday.

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Ever since the 1950s, Sweden saw such a soar in food prices for the first time, making it the highest surge of food prices in the country. In fact, the annual inflation rate also saw a surge of 12% in February 2023. The country is currently experiencing an inflation market all around and it is at this position for quite some months now. According to Statistics Sweden, Sweden registered the highest record of inflation in a time period of 31 years in December 2022. The rate of inflation hit 12.3 per cent. 

Here Are Some Of The Food Items That Saw A Soar In Prices:

There are several food items that are seeing a rise in prices. The biggest surge in prices has been seen in some vegetables such as cauliflower and leeks, according to a report by Investing.com. Prices of these vegetables saw a rise of about 80 per cent. Prices of daily food essentials such as butter, dairy products, and eggs increased by over 30 per cent.

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In fact, prices of non-alcoholic beverages witnessed a rise in prices as well. In comparison to the month of January 2023, the cost increased by 2.74 per cent in February 2023.

Cover Image Courtesy: Pixabay