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Coffee prices are soaring: "Risk of becoming even more expensive"

Food prices increased slightly in June and most of the price increase is due to coffee, show new figures from the Food Price Monitor. There is a risk that it will become even more expensive, says Ulf Mazur at the Food Price Monitor.

» Updated: 04 October 2024, 11:53

» Published: 08 July 2024

Coffee prices are soaring: "Risk of becoming even more expensive"
Photo: Martina Holmberg / TT

Food prices increased slightly in June, and most of the price increase is due to coffee, according to new figures from the Food Price Monitor.

There is a risk that it will become even more expensive, says Ulf Mazur at the Food Price Monitor.

In June, the price of brewed coffee increased by 7.9 percent, which means that a packet of coffee became between five and eleven kronor more expensive. Looking at all types of coffee, from beans to instant and ground coffee, the price increased by 3.8 percent in June.

The prices are really taking off, says Ulf Mazur to TT.

The price of raw coffee has increased by nearly 40 percent in a year, mainly due to drought in Brazil, which produces around half of the coffee we drink in the Nordic region.

But as much as coffee prices went up, fruit prices fell by the same amount.

This means that food prices overall are standing still, says Ulf Mazur.

He believes that retailers actually have room to lower food prices for customers more than they have done. On the contrary, some have raised food prices in June. The prices at Willys have increased the most, + 0.3 percent in June, followed by Ica with 0.1 percent.

The danger with summer is that we consumers become complacent and stop checking prices. If retailers feel that we don't care, they risk raising them again, says Ulf Mazur.

Increased the most:

Brewed coffee +7.9 percent

Avocado +3.7 percent

Coffee, whole beans +3.4 percent

Clementine +2.9 percent

Lasagna +2.4 percent

Fell the most:

Peaches –17 percent

Melon –14.1 percent

Nectarine –13.4 percent

Plums –9.5 percent

Apricot –8.1 percent

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By TTThis article has been altered and translated by Sweden Herald

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