Brussels: Europe and the Arabs
In February 2024, meat prices in the EU were 3.3% higher than in February 2023. Pork registered the highest increase of 5.7%, ahead of lamb and goat (+4.5%) and beef and veal (+3%). On the other hand, poultry prices recorded a decrease of 1.6% compared to February 2023.
Over the past three years, annual meat inflation rates reached their highest levels between April 2022 and March 2023, with annual rates of change exceeding 10%. The highest rate was recorded 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 meat has remained less than 15% over the past three years. Poultry prices (+24.4% in November 2022) and pork (+18.8% in February 2023) recorded higher fluctuations.
In February 2024, most EU countries reported an increase in meat prices, compared to February 2023. The highest increase was recorded in Bulgaria (+8.2%), followed by Romania (+7.7%) and Croatia (+7.1%).
On the other hand, 3 countries recorded a decrease in meat prices: the Czech Republic (-5.1%), Finland (-2.2%), and Denmark (-0.6%).