IDEAS home Printed from https://ideas.repec.org/a/ecb/ecbbox/202000057.html
   My bibliography  Save this article

Recent developments in euro area food prices

Author

Listed:
  • Rubene, Ieva

Abstract

Food prices are an important driver of euro area HICP due to their sizeable share in the consumption basket and their volatility. This box reviews the food price increases in April 2020 and finds that they were unusual in terms of their size and the circumstances surrounding them. The developments in April 2020 most likely reflected strong increases in demand combined with supply-side effects related to the lockdown and containment measures caused by the coronavirus (COVID-19) pandemic. Owing to strong food sector supply linkages within the euro area, the disruption of supply chains within the euro area observed during the COVID-19 pandemic may have had important implications for the food supply and consumer prices. To conclude, the box highlights that, while the May and preliminary June data show signs of normalisation in price changes, the possibility remains of upside price pressures in the short term and downside price pressures in the medium term. JEL Classification: E31

Suggested Citation

  • Rubene, Ieva, 2020. "Recent developments in euro area food prices," Economic Bulletin Boxes, European Central Bank, vol. 5.
    • Handle: RePEc:ecb:ecbbox:2020:0005:7
    as

    Download full text from publisher

    File URL: https://www.ecb.europa.eu//pub/economic-bulletin/focus/2020/html/ecb.ebbox202005_07~174eeeb845.en.html
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. IAIANI, Matteo & TUGNOLI, Alessandro & BONVICINI, Sarah & COZZANI, Valerio, 2021. "Analysis of Cybersecurity-related Incidents in the Process Industry," Reliability Engineering and System Safety, Elsevier, vol. 209(C).

    More about this item

    Keywords

    coronavirus; COVID-19; euro area; food prices; HICP; supply linkages;
    All these keywords.

    JEL classification:

    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ecb:ecbbox:2020:0005:7. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Official Publications (email available below). General contact details of provider: https://edirc.repec.org/data/emieude.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.