Olive oil consumer prices rose sharply in recent years, increasing by 78% between 2022 and 2024. In 2025, they fell by 23% across the EU, the first decline after four consecutive years of increases — according to Eurostat. The decline was larger in several countries, mainly major producers.
So why are olive oil prices falling across Europe after a period of sharp increases? And which countries have seen the largest declines in olive oil prices?
