The sharp rise in raw material prices deeply impacts the European agricultural machinery industry

Since March of this year, inflation has risen sharply in all industrialized countries, particularly in the United States, where it reached 4.24% in April, the highest annual trend since 2008. One has to go back to the early 1990s to see inflation reach such a level. While the general rise in prices in Europe has not yet reached this pace, there is a clearly identified risk, according to Eurostat’s statistical series, that inflation will accelerate in the coming weeks, due to the sharp rise in commodity prices that has recently been observed. For instance, energy prices have risen by 13%, on an annualized basis, over a single month.

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