The average coffee inflation rate in the EU was 1% in March, which compares to the average rise of 13.5% in the same month last year, in year-on-year terms.

Portugal, however, was one of the 14 countries where the price of coffee increased above the average for the community bloc, in a month in which the remaining 12 countries actually saw a drop in the prices of this product.

Since October 2022, when it reached a growth peak of 17.4%, the coffee inflation rate has been decreasing, after a sharp rise that began in October 2021, according to Eurostat.

In March, although the increase in coffee prices slowed across the EU as a whole, there were significant differences between the 27 Member States. While 15 countries registered a higher inflation rate in March this year than in the same month, the remaining 12 even saw a drop in coffee prices.

Finland (-15.5%), Lithuania (-15.4%), Denmark (-7.5%), Czech Republic (-6.5%), and Sweden (-6%) had the fastest decreasing inflation rates substantially. On the other hand, in Croatia (+7.4%), Romania (+6.8%) and Bulgaria (+6.6%) there were the biggest increases in the price of coffee. In Portugal, the price of coffee increased by 3% in March, above the EU average.