Coffee price increases continue to slow down

In March 2024, the annual rate of change of the consumer price of coffee in the EU was +1.0%, compared with +13.5% in March 2023, and it approached the July 2021 level (+0.8%). 

The inflation rate for coffee has been declining since October 2022, when it was at its highest (+17.4%), following a steep increase that began in October 2021 (+2.0%). 

Source dataset: prc_hicp_manr

Although the increase in coffee prices slowed down in the EU overall, there are significant differences at the country level. 

In 15 EU countries, the inflation rate for coffee was higher in March 2024 than in March 2023. The highest positive inflation rates were registered in Croatia (+7.4%), Romania (+6.8%) and Bulgaria (+6.6%). 

The remaining 12 EU countries registered declining inflation rates for coffee in March 2024. The most substantial negative inflation rates were recorded in Finland (-15.5%) and Lithuania (-15.4%), followed by Denmark (-7.5%), Czechia (-6.5%) and Sweden (-6.0%). 

Source dataset: prc_hicp_manr