SwedenLivingWorld world_2_fill WorldBusiness BusinessSports sports-soccer SportsEntertainmentEntertain

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

Tags
TTT
By TTThis article has been altered and translated by Sweden Herald

More news

Dampened in the German economy
1 MIN READ

Dampened in the German economy

Stock Market on the Rise – H&M Falls
1 MIN READ

Stock Market on the Rise – H&M Falls

Optimism despite tough times for retail
1 MIN READ

Optimism despite tough times for retail

The Education That Pays Off the Most – and the Least
2 MIN READ

The Education That Pays Off the Most – and the Least

Upward trend on the Tokyo Stock Exchange – downward trend in China
1 MIN READ

Upward trend on the Tokyo Stock Exchange – downward trend in China

Cryptocurrency victory in the US Congress
1 MIN READ

Cryptocurrency victory in the US Congress

ECB Hiker: Can Cut Even if Fed Doesn't Cut
2 MIN READ

ECB Hiker: Can Cut Even if Fed Doesn't Cut

Now Black Week starts – here are five best tips
2 MIN READ

Now Black Week starts – here are five best tips

He still believes in the German Northvolt factory
2 MIN READ

He still believes in the German Northvolt factory

Chinese Cars from Spanish Factory
1 MIN READ

Chinese Cars from Spanish Factory

The Ski Holiday Becomes Increasingly Expensive – "Like a Luxury Trip"
2 MIN READ

The Ski Holiday Becomes Increasingly Expensive – "Like a Luxury Trip"

Nvidia CEO: Don't Close the Borders
1 MIN READ

Nvidia CEO: Don't Close the Borders

Pilot Strike – Finnair Cancels 300 Flights
1 MIN READ

Pilot Strike – Finnair Cancels 300 Flights

Billion-dollar amounts at stake in Northvolt's crisis
2 MIN READ

Billion-dollar amounts at stake in Northvolt's crisis

German industry leader warns of new energy crisis
1 MIN READ

German industry leader warns of new energy crisis

The new ISK tax is decided
3 MIN READ

The new ISK tax is decided

Amazon doubles investment in AI company
1 MIN READ

Amazon doubles investment in AI company

Trump nominates billionaire to finance minister
3 MIN READ

Trump nominates billionaire to finance minister

Cheerful on Wall Street – bitcoin nears dream limit
2 MIN READ

Cheerful on Wall Street – bitcoin nears dream limit

Northvolt to Apply for Swedish Reconstruction as Well
2 MIN READ

Northvolt to Apply for Swedish Reconstruction as Well