SloveniaFood prices in Slovenia are expected to rise by 11.8% this year and an additional 4.8% next year, according to Oxford Economics. The increase will primarily affect grains, fruits, vegetables, and dairy products, making bread, cheese, oil, and wine more expensive, while meat prices are unlikely to see significant increases. This follows a reduction in global wheat production due to extreme heatwaves across Europe, which has been compounded by higher input costs caused by wars in Ukraine and the Middle East, as well as the blockage of the Hormuz Strait. Global diesel fuel prices were 36% higher in July compared to the previous year, partly due to disruptions in the strait, while fertilizer prices are projected to rise by 22% this year. The Food and Agriculture Organization reported a rise in global food prices last month, with grain prices increasing by 6.9% and plant oil prices by 17.3%. In response, Agriculture Minister Janez Cigler Kralj announced an August payout for compensation related to last year’s drought and new measures to address rising energy and fuel costs, including €8.1 million in funding.
Bias read (Center): The article presents economic forecasts and government responses to rising food prices without overtly favoring any political side. It cites independent analyses and official statements, providing a balanced view of factors affecting food prices and the government's mitigation efforts.
