at least what anecdotal stories I've gotten from people Spain, Italy and Turkey

Mediterranean growing areas from Portugal to Turkey have suffered heat, drought, fires.
I am glad Uruguay grows olives and bottles decent oil here. Prices are not out of normal inflation here.
Milk is more likely to be missing from the store shelves.

Are going up also. I suspect some of the flooding and rain have something to do with it.Olives may not be native, but they're a relatively drought resistant crop and the trees live a long time -possibly centuries - once established, even in semi-drought conditions.

Haele

…. to growing anything from a Mediterranean climate, and as a result olive groves may still be found wherever Junipero Serra planted his 20 missions.

( I like sautéing things in butter — that’s one reason a bottle of olive oil lasts awhile in my kitchen. )

Prices went high quite a few years before COVID. I vaguely remember a major crop failure that the industry never quite bounced back from, thanks to climate change wreaking havoc with the traditional olive-growing regions.

But I haven't seen supply issues, or unusual price hikes. YMMV

Then again, we don't buy much of it, really, because the taste is so overpowering to my husband and me outside of Mediterranean dishes, where we expect it as part of the flavour profile. The bitterness of olive oil is why we tend to use more avocado and grapeseed oil instead.

Both arid conditions plus an olive tree killing disease have drastically reduced production all around the Mediterranean. We usually get 5 liter containers from an orchard outside of Barcelona several times a year. This year, we will get zero because severe climate disruption has brought production down to virtually zero. Our backup sources in Greece have yielded practically zip. I have to run down to Portugal in two weeks, and will see what I can pick up there.

I use coconut oil and it is costing more and more. Even coconut water is short these days. Climate change means more drought here and coconut trees need water.

Of coconut products, but will have a closer look next time I shop.

Here's a warning: I found a container of so-called cholesterol lowering spread in the back of the fridge. It had been there for too long so I decided, with winter coming on, the birds would appreciate a few calories to help them through. They wouldn't touch it! Not the crows, the magpies, the scavenging Indian mynahs or blackbirds. If those feral marauders wont eat an artificial, chemical concoction, then neither will I.

I eat lots of fruit,veggies and seafood and bird meat. Haven’t touched red meat in decades.

I even eat some sweet when I feel like it.
Exercise and sensible eating for me.

I buy Lebanese Olive Oil by the gallon from my Middle Eastern grocery.