Price of meat went up 3.3% in one year in EU, since 2023

In February 2024, the price of meat in the EU was 3.3% higher than in February 2023. Pork meat recorded the highest increase at 5.7%, followed by lamb and goat (+4.5%) and beef (+3%). Poultry, on the other hand, experienced a decrease of 1.6% compared to February 2023.

Over the past 3 years, the annual inflation rates for meat were the highest between April 2022 and March 2023, with annual rates of change above 10%. The highest rate was registered 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 remained below 15% during the past 3 years. The price of poultry (+24.4% in November 2022) and pork (+18.8% in February 2023) exhibited higher fluctuations.

The inflation rate for meat in the EU, February 2021 – February 2024, % of annual rate of change. Chart. See link to full dataset below.

In February 2024, most EU countries reported an increase in meat prices compared with February 2023. The highest increase was recorded in Bulgaria (+8.2%), followed by Romania (+7.7%) and Croatia (+7.1%).

In contrast, 3 countries recorded a decrease in meat prices: Czechia (-5.1%), Finland (-2.2%), and Denmark (-0.6%).