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Coffee Drinking Is Becoming “Almost A Luxury” As Costs Increase In The EU

Starting the day with a cup of coffee has gotten more expensive, according to the European Union's statistics office, which highlighted an increase in the price of the staple, as well as sugar and milk.

Recent price increases may make this daily staple nearly a luxury," Eurostat warned, revealing that coffee costs increased 16.9% year on year in August. According to Eurostat, fresh whole milk now costs 24.3% more on average, while fresh low-fat milk costs 22.2% more.

According to Eurostat, fresh whole milk now costs 24.3% more on average, while fresh low-fat milk costs 22.2% more. Sugar received the greatest rise, with an average price increase of 33.4%. Prices for these four goods have risen in all EU member nations except Malta, where the price of fresh low-fat milk remained steady. Coffee costs in Finland and Lithuania increased the most, by 43.6% and 39.9%, respectively, followed by Sweden and Estonia. Sugar prices in Poland increased the most, by 109.2% from August 2021.

Coffee Drinking

Consumer price inflation in the eurozone (the 19 nations that use the euro) reached 9.1% in August, fueled by rising energy and food prices. According to Eurostat's flash estimate, it reached a new high of 10% in September.

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