In March, coffee price growth for European Union (EU) consumers slowed sharply to 1.0%, compared with annual inflation of 13.5%, approaching the July 2021 level (0.8%). Eurostat reports this.
In Portugal, the coffee inflation rate, as measured by the consumer price index used by Eurostat to compare between countries, was 3% in March 2024, a slowdown from 8.4% year-on-year.
The EU statistics office also highlights that the average coffee inflation rate in the European bloc has been slowing since October 2022, when it peaked at 17.4%, with a sharp acceleration starting in the same month of 2021 (2.0%).
In 15 EU member states, coffee price inflation was higher in March than in March, with the highest rates in Croatia (7.4%), Romania (6.8%) and Bulgaria (6.6%).
In the remaining 12 EU countries, the indicator decreased, with the main decrease compared to last year recorded in Lithuania (-15.4%), Denmark (-7.5%), Czech Republic (-6.5%) and Sweden (-6.5%). 0%). .
Author: Lusa
Source: CM Jornal
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