Olive oil costs across the bloc have been on the rise since mid-2023, according to Eurostat Olive oil prices have skyrocketed across the EU over the past year amid unfavorable weather conditions, which have harmed harvests. According to data from Eurostat, the bloc’s statistics office, costs spiked by 50% in annual terms in January. Prices rose steadily throughout the entire second half of 2023, with a 37% surge in August and a staggering 51% increase in November 2022. By January, all member states reported spikes in the cost of the staple, with olive oil inflation especially high in southern European countries, w
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