Average coffee inflation rate has been slowing down in the European bloc since October 2022.
In March, the increase in the price of coffee for consumers slowed down sharply in the European Union (EU) to 1.0%, compared to year-on-year inflation of 13.5%, approaching the level of July 2021 (0. 8%), reports Eurostat.
In Portugal, the coffee inflation rate – measured by the Consumer Price Index, used by Eurostat to allow comparisons between countries, was 3% in March 2024, a slowdown compared to 8.4% year-on-year.
The EU statistics service also highlights that the average coffee inflation rate 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, in March, higher than in March, with Croatia (7.4%), Romania (6.8%) and Bulgaria (6.6%) to present the highest.
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.
