Mamma mia! Pizza was 16% more expensive in EU last year

Mamma mia! Pizza was 16% more expensive in EU last year

Hungary topped the inflation rate chart with a 46% yearly price increase.

The pizza inflation rate varied wildly across the EU. (AP pic)
LUXEMBOURG:
The cost of store-bought pizza and quiche in the European Union grew in December by 16% from a year earlier, the bloc’s statistics agency Eurostat said today.

As food lovers in the US prepare to celebrate National Pizza Day tomorrow, EU consumers will have to search deeper in their pockets to enjoy a slice of Italy’s most renowned fast food.

However, the pizza inflation rate varied wildly across the EU, with Hungary topping the Eurostat chart with a 46% yearly price increase, followed by Lithuania and Bulgaria on 39% and 37% respectively.

The smallest price hikes in pizza and quiche, lumped together in Eurostat’s novel indicator, were recorded in Luxembourg (+7%), Italy (+10%) and France (+13%).

Overall inflation in the euro zone increased in December by +9.2% year-on-year, with a 13.8% hike in food, alcohol and tobacco products, the agency reported last month.

Eurostat categorises “pizza and quiche products” as including store-bought varieties of “flour based products prepared with meat, fish, seafood, cheese, vegetables or fruit”.

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