The price of the most basic food stuffs is still rising up to seven times faster than wages, Eurostat data published today shows.
The price of olive oil is 75 per cent higher than it was in January 2021, while there have also been increases in the price of potatoes (53%), eggs (37%) and butter (27%).
By contrast, nominal wages have increased by 11% in the EU and 10% in the Euro area over the last three years.