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EUROSTAT: Coffee in Albania, cheaper than in the region

2024-05-10 14:38:06Biznes SHKRUAR NGA REDAKSIA VOX

EUROSTAT: Coffee in Albania, cheaper than in the region

In March 2024, the annual rate of change in the price of coffee in European Union countries was 1.0%, compared to 13.5% in March last year. According to the data, the coffee inflation rate has been declining since October 2022, when it peaked at around 17%, after a sharp rise that began in October 2021.

Although coffee price growth slowed overall in the EU, there are significant differences at country level. But what do the numbers say about our country? According to the data analyzed by "Scan Intel", it seems that Albania is among the countries with the lowest coffee price rate, with 1.2%, so very close to the EU average.

Compared to the countries of the region, Albania has a lower inflation rate for coffee than Serbia, which registers it at 3.6%, North Macedonia with 3.9% and Montenegro, which ranks second in Europe with a rate of 7%. .

Coffee products are more expensive in Croatia at 7.4%, followed by Bulgaria, Romania and Iceland. The data shows that in Finland, Lithuania, Norway and Denmark, the price of coffee is decreasing by 15.5%, 15.4%, 7.7% and 7.5%. Even countries like Sweden, the Czech Republic, Belgium, Hungary, etc., have recorded a drop in prices for this product in March of this year.

In 15 EU countries, the coffee inflation rate was higher in March 2024 than in March 2023.


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