News
02.09.2010
European Union - Meat prices stable
Consumer prices in the euro area (the economic and monetary union of 16 member states) rose to 1.7% per annum in July, the highest rate in 20 months, according to the European Index of Consumer Prices. However, the food price index rose by a slight 0.8% per annum, while meat prices remained stable.
Despite registering a rise, the price index is still lower than the European Central Bank's target of 2% per annum, and lower than the 2.1% per annum growth along the European Union (composed of 27 member states).
July's rise was driven by a rebound in energy costs, transport, alcohol and tobacco prices, in addition
to the Value Added Tax increases in Spain, Portugal, Greece and Finland.
meattradenewsdaily
