The price of your morning coffee is rising fast in Latvia

Take note – story published 1 year and 8 months ago

Kicking off the day with a cup of hot coffee is a daily routine for many. However, recent price rises make this morning staple almost a luxury item.

Data for August 2022 show that the price of coffee in the EU was on average 16.9% higher than in August 2021, while in August 2021, the price of coffee was on average 0.5% higher than in August 2020. Since October 2021, annual inflation has been on the rise. 

When it comes to coffee, Finland registered the highest annual inflation at +43.6% in August 2022, followed by Lithuania (+39.9%), Sweden (+36.7%), Estonia (+36.4%), Hungary (+34.3%) and Latvia (+34.0%). 

For consumers that drink their coffee with milk and/or sugar, things get even more expensive in Latvia since the prices of those items increased even more over the last year.

The largest annual inflation in August 2022 was reported for sugar, with notable rises in Poland, up 109.2%, followed by Estonia (+81.2%), Latvia (+58.3%), Bulgaria (+44.9%) and Cyprus (+43.2%).

Fans of milk in Hungary, Lithuania and Croatia saw substantial rises in prices in both whole fat milk and low fat. The highest annual increases in prices for whole fat milk among the EU Member States in August 2022 were logged in Hungary (+51.7%), Lithuania (+46.8%), Croatia (+43.5%), Czechia (+43.3%) and Latvia (+40.1%), and for low-fat milk in Lithuania (+50.2%), Croatia (+41.2%), Estonia (+38.9%), Germany (+30.6%) and Hungary (+30.1%).

Coffee price trends in EU
Coffee price trends in EU

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