Euro zone annual inflation, in fact, hit another record of 9.1% in August according to a flash estimate issued by Eurostat, the EU’s statistical office. Consumer prices have been on the rise since November 2021 and have now hit record after record in the past nine months. While energy accounts for 38.3% of inflation, it should also be noted that food, alcohol and tobacco contributed 10.6%.
These high prices are not only affecting consumer behaviour but also dairy farmers, who find themselves confronted with high energy and feed costs. A