EU Food price inflation amid global market turbulences during the COVID-19 pandemic and the Russia-Ukraine War

Lukas Kornher, Tomas Baležentis and Fabio Santeramo

MPRA Paper from University Library of Munich, Germany

Abstract: Since the Covid-19 pandemic and the Russia-Ukraine War, global food markets have been in turmoil. Agricultural input and energy prices doubled between 2020 and 2022, with immediate consequences on food accessibility. We examine the drivers of the EU food inflation patterns, and how trade integration shapes these dynamics. We find that food price inflation has been mainly driven by surges in agricultural production costs and, to a lesser extent, by global food price increases. Trade openness has not exacerbated the inflating dynamics during this period.

Keywords: Europe; food price inflation; Russia–Ukraine War; trade policy uncertainty; geopolitical risk (search for similar items in EconPapers)
JEL-codes: E31 Q11 Q18 (search for similar items in EconPapers)
Date: 2024
New Economics Papers: this item is included in nep-agr, nep-cis, nep-eec, nep-eur, nep-int and nep-mon
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://mpra.ub.uni-muenchen.de/121673/1/MPRA_paper_121673.pdf original version (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:121673

Access Statistics for this paper

More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Joachim Winter ().