Tridge summary
In May 2024, the European Union (EU) saw a 6.3% increase in the consumer price of cocoa and chocolate powder compared to the previous year, as per Eurostat data. This inflation rate has been escalating since 2022, peaking at 18.5% in May 2023. Despite a decrease in the rate of increase, the inflation remained above 10% until February 2024. In May 2024, most EU countries experienced an increase in the inflation rate, with Estonia, Croatia, and Austria recording the highest increases, while Slovakia and Cyprus saw a decrease.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
In May 2024, the consumer price of cocoa and chocolate powder in the EU has slowed its growth and is 6.3% higher than in May 2023, according to Eurostat data. The consumer price of cocoa and chocolate powder, which had already been increasing since the beginning of 2022, experienced a significant acceleration in the last quarter of 2022, with annual inflation rates above 10%. The increase peaked in May 2023, with an inflation rate of 18.5% compared to May 2022. While prices have been rising at a slower pace since then, the inflation rate did not drop below 10% until February 2024. In May 2024, most EU countries recorded an increase in the annual inflation rate for cocoa and chocolate powder. The largest ...
Source: Financialfood
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