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Coffee prices slow down in March in the EU to 1% (and 3% in Portugal)
The increase in the consumer price of coffee in March slowed down sharply in the European Union (EU) to 1.0%, compared to the 13.5% year-on-year inflation, approaching the level of July 2021 (0.8%), Eurostat announced today.
© Lusa
Economia Café
In Portugal, the coffee inflation rate -- measured by the Consumer Price Index, used by Eurostat to allow comparisons between countries, stood at 3% in March 2024, slowing down from the 8.4% year-on-year.
The EU statistics service also highlights that the inflation rate for coffee in the European bloc has been slowing down since October 2022, when it reached a peak of 17.4% in the sharp acceleration that began in the same month of 2021 (2.0%).
In 15 EU Member States, the coffee inflation rate was higher in March than in the previous year, with Croatia (7.4%), Romania (6.8%) and Bulgaria (6.6%) showing the highest rates.
In the remaining 12 EU countries, the indicator fell, with Lithuania (-15.4%), Denmark (-7.5%), the Czech Republic (-6.5%) and Sweden (-6.0%) registering the main year-on-year declines.
Read Also: "É certeza absoluta". Delta Cafés admite que café vai aumentar de preço (Portuguese version)
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