'Almost A Luxury': EU Coffee Prices Up 16.9% In August

By Dave Simpson
'Almost A Luxury': EU Coffee Prices Up 16.9% In August

Starting the day with a cup of coffee has become more expensive, the European Union's statistics office has said, highlighting a jump in the price of the staple along with those of sugar and milk.

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"Recent price rises might make this morning staple almost a luxury," Eurostat said, reporting that coffee prices had on average surged 16.9% in August from a year earlier.

Fresh whole milk now cost 24.3% more on average, while consumers paid 22.2% more for fresh low fat milk, Eurostat said.

Sugar saw the sharpest increase, with its average price jumping 33.4%.

The data showed prices had risen for these four items in all EU member countries except Malta, where the price of fresh low fat milk was unchanged.

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Finland and Lithuania saw the highest changes in coffee prices, with increases of 43.6% and 39.9% respectively, followed by Sweden and Estonia.

Poland saw the highest jump in sugar prices, which leapt 109.2% from August 2021.

Euro Zone

In the euro zone - the 19 countries sharing the euro - consumer price inflation hit 9.1% in August, driven by energy and food prices. It hit a new record high of 10% in September, according to Eurostat's flash estimate.

News by Reuters, edited by Hospitality Ireland. Click subscribe to sign up for the Hospitality Ireland print edition.