Butter crisis in Europe! Prices rose quickly

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Lerato Khumalo

According to the European Statistical Office (Eurostat) data, butter prices in EU countries increased by 30 percent annually in February. According to the Federal Statistics Office (Destatis) data in Germany, which has the most crowded population in Europe, the producer price of butter increased by 39.8 percent in January.

According to the Anadolu Agency, the rates in the euro zone of 2.5 percent of the January inflation is far above the level of attention is noteworthy.

In addition, since butter is sold in 250 grams of packaging in Europe, consumers have to buy the products that are widely used and feel more fluctuations at the price. This damages policies to reduce inflation expectations.