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Prices of Bread, Milk and Meat to Rise on Back of Heatwaves and War, ECB Warns

ECB economists say drought and energy price shocks are starting to bite, with food prices set to rise throughout the next year

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A wave of precision in electricity, fuel, food and airline tickets. The ECB warns of continuous increases in food prices until 2027, while the head of Ryanair talks about large price increases in Europe.

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Food prices could start to rise again in the euro area next year, according to the European Central Bank (ECB). The warning comes at a time when France is facing widespread protests against the high cost of living, writes AFP.

·Bucharest, Romania
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It's a landscape full of increases in electricity tariffs in November, in food with the European bank seeing new increases, and also in airfares. The head of Ryanair said that the biggest increases in Europe's airlines are coming.

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The European Central Bank is sounding the alarm for further increases in food prices, as energy costs and the effects of extreme weather events threaten to reverse the recent de-escalation.

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Irish Independent broke the news in Dublin, Ireland on Tuesday, October 20, 2026.
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