Meat prices in Latvia rose 4% in a year

Meat lovers in Latvia were paying 4% more for their chops, burgers, wings and steaks in February 2024 than a year earlier, according to Eurostat data published April 5.

In February 2024, most EU countries reported an increase in prices for meat, compared with February 2023. The highest increase was recorded in Bulgaria (+8.2%), followed by Romania (+7.7%) and Croatia (+7.1%).

In contrast, 3 countries recorded a decrease in the prices for meat: Czechia (-5.1%), Finland (-2.2%) and Denmark (-0.6%).

While Latvia's medium-rare price rise was slightly ahead of the EU average, it was smaller than in Estonia (+6.8%) and Lithuania (+4.6%). 

Meat inflation, February 2024
Meat inflation, February 2024

In February 2024, the price of meat in the EU as a whole was 3.3% higher than in February 2023. Pork meat recorded the highest increase at 5.7%, ahead of lamb and goat (+4.5%) and beef and veal (+3%). Poultry, in contrast, registered a decrease of 1.6% compared with February 2023.

Over the past 3 years, the annual inflation rates for meat were the highest between April 2022 and March 2023, with annual rates of change above 10%. The highest rate was registered in February 2023 when the price was 17.3% higher than in February 2022. 

The annual increase in the prices of beef, veal, lamb and goat remained below 15% during the past 3 years. The price of poultry (+24.4% in November 2022) and pork (+18.8% in February 2023) registered higher fluctuations.

You can check the price fluctuations of food using the tool below, if you are so inclined. If nothing else, it will give you an appetite.

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