The price of coffee continues to rise in the European Union

Brussels – “Ah, che bell’ ‘o café, even in prison ‘o sanno fa,” sang Fabrizio De André in the famous song Don Raffaè. However, even if they know how to make coffee even in prison, it is increasingly becoming a luxury. According to a report released today (May 10) by Eurostat, the European Statistical Office, the price of the black bean continues to rise in the European Union, even as it is on a downward slope. In fact, in March 2024, the cost of coffee rose by one percent annually compared with a 13.5 percent jump in the equivalent period of 2023.

Inflation thus does not seem to be stopping when it comes to the price of coffee, which affects EU countries differently. Croatia (7.4 percent), Romania (6.8 percent), and Bulgaria (6.6 percent) have experienced the largest increases, while Finland (-15.5 percent), Lithuania (-15.4 percent), and Denmark (-7.5 percent) saw the cost of black beans fall the most. Coffee prices continue to rise, above the EU average, for Italy (2.6 percent). Also here, however, there is a downtrend compared with 2023: in March 2023, prices had risen 8.6 percent.

https://twitter.com/EU_Eurostat/status/1788870847111073987