Anecdotal stuff from Italy: 5 years ago you could buy EVO for some 3 euro /lt at the supermarket, or super delicious local oil for 10/lt. This year it’s 6/lt for supermarket, and average for local oil has gone 14 - 18 - 20/lt in the last 3 years.

If olive oil didn’t spoil it would be better than real estate.

Yeah, my local Caprabo (a modestly priced supermarket) used to have a whole aisle dedicated to olives and olive related stuff … now the locals are getting priced out of it and the aisle is just a little section