Advertisement
UK markets close in 1 hour 46 minutes
  • FTSE 100

    8,052.36
    +11.98 (+0.15%)
     
  • FTSE 250

    19,604.85
    -114.52 (-0.58%)
     
  • AIM

    753.56
    -1.13 (-0.15%)
     
  • GBP/EUR

    1.1660
    +0.0015 (+0.13%)
     
  • GBP/USD

    1.2479
    +0.0016 (+0.13%)
     
  • Bitcoin GBP

    50,795.86
    -2,279.62 (-4.30%)
     
  • CMC Crypto 200

    1,347.14
    -35.44 (-2.56%)
     
  • S&P 500

    5,006.02
    -65.61 (-1.29%)
     
  • DOW

    37,921.83
    -539.09 (-1.40%)
     
  • CRUDE OIL

    82.70
    -0.11 (-0.13%)
     
  • GOLD FUTURES

    2,331.40
    -7.00 (-0.30%)
     
  • NIKKEI 225

    37,628.48
    -831.60 (-2.16%)
     
  • HANG SENG

    17,284.54
    +83.27 (+0.48%)
     
  • DAX

    17,860.37
    -228.33 (-1.26%)
     
  • CAC 40

    7,975.78
    -116.08 (-1.43%)
     

'Almost a luxury': EU coffee prices up 16.9% in August

FILE PHOTO: Coffee flows into a Lavazza cup at a coffee shop in Rome

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

"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.

ADVERTISEMENT

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.

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.

(Reporting by Valentine Baldassari in Gdansk; Editing by Bernadette Baum)