The price of coffee in the EU continues to slow its growth

Published 2024년 5월 13일

Tridge summary

In March 2024, the annual change rate of consumer price of coffee in the EU was 1%, a significant decrease from the 13.5% recorded in March 2023, as per Eurostat data. This marks a return to pre-October 2021 levels. However, there is variation in coffee price growth across EU countries, with some experiencing positive rates (up to +7.4% in Croatia) and others, like Finland and Lithuania, seeing negative rates (up to -15.5% in Finland). This indicates a diverse trend in coffee inflation within the EU.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

In March 2024, the annual change rate of the consumer price of coffee in the EU was +1%, compared to +13.5% in March 2023 and was close to the level of July 2021 (+0.8 %), according to data from Eurostat, which highlights that the coffee inflation rate has been decreasing since October 2022, when it reached its highest point (+17.4%), after a sharp increase that began in October 2021 ( +2%). Although coffee price growth has slowed in the EU overall, there are significant differences at country level. Thus, in 15 EU countries, the coffee inflation rate was higher in March 2024 than in March 2023. The highest positive inflation rates were recorded in Croatia (+7.4%), Romania (+6 .8%) and Bulgaria (+6.6%). The ...

Source: Financialfood