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The humble egg has become a star performer for all the wrong reasons as inflation has hit households across the European Union extremely hard over the year. The EU's statistical agency Eurostat announced Friday that the average price of an egg that important staple for poor families and gourmet cooks alike had risen by 30 per cent over the year to January 2023, becoming a symbol of how the cost of living has hit everyone in the 27-nation bloc. Even if the latest inflation figures show that annual inflation in the 20-nation eurozone has started to decline to 8.5 per cent in February, the sector of food, alcohol and tobacco continued to rise and stood at 15 per cent. And then, eggs outperform just about all. Two years ago, egg inflation still stood at a lean 1 per cent, rising to 7 per cent the year after before reaching 30 per cent in February. Egg prices were whipped up the most in the Czech Republic, rising 85 per cent over the year, followed closely by two other central Europea
Korean government will import 200 million eggs by next month to stabilise egg prices. It is planning to increase direct sales of imported eggs to customers by supplying more than half to large supermarkets.Hong Nam-ki, Deputy Prime Minister and Minister of Strategy and Finance, announced the import plan after visiting Daejeon Ojeong-dong Agriculture and Seafood Market and E-mart Dunsan Branch on the 3rd to check consumer prices.The government will significantly increase the volume of imported eggs to 100 million in August and 100 million in September.More than half of imported eggs will be supplied to large retailers such as supermarkets.Previously, imported eggs were mainly supplied to catering companies and processing companies, but now consumers can purchase imported eggs directly.The price of 30 imported eggs of the aT Korea Agro-Fisheries & Food Trade Corporation will also be reduced by 1,000 won from 4,000 won to 3,000 won from coming 5th."In order to cut the price of eggs