Starting the day with a cup of coffee has become considerably more expensive for Europeans. Coffee prices in the European Union rose by an average of 16.9 percent in August compared to the same month last year, the Eurostat statistics agency announced on Thursday. “Recent price hikes could almost make this morning a luxury item,” it said.
Fresh whole milk – for cappuccino or latte macchiato, for example – rose in price by 24.3 percent. Even bigger is the price surcharge for sugar, which many coffee drinkers add: it cost 33.4 percent more than a year earlier.
Finland and Lithuania recorded the largest price increases for coffee with 43.6 percent and 39.9 percent respectively, followed by Sweden and Estonia. Poland, on the other hand, reported a sugar price that was more than twice as high. Especially in Hungary (+51.7 percent), Lithuania (+46.8) and Croatia (+43.5) whole milk prices rose sharply. In Germany, for example, skimmed milk cost 30.6 percent more than in August 2021.
Source: Krone
I’m Wayne Wickman, a professional journalist and author for Today Times Live. My specialty is covering global news and current events, offering readers a unique perspective on the world’s most pressing issues. I’m passionate about storytelling and helping people stay informed on the goings-on of our planet.
