Increase of Cocoa Prices Slows Down
In May 2024, the consumer price of cocoa and powdered chocolate in the EU was 6.3% higher than in May 2023.
The consumer price of cocoa and powdered chocolate, already on the rise since early 2022, saw a significant acceleration in the last quarter of 2022, with annual inflation rates exceeding 10%. The increase peaked in May 2023, with an inflation rate of 18.5% relative to May 2022. While prices have been rising more slowly since then, the inflation rate did not fall below 10% until February 2024.
In May 2024, most EU countries reported an increase in the annual inflation rate for cocoa and powdered chocolate. The highest increases were recorded in Estonia (+17.4% compared with May 2023), followed by Croatia (+15.5%) and Austria (+12.6%). In contrast, 2 countries recorded a decrease in the inflation rate for cocoa and powdered chocolate: Slovakia (-6.3%) and Cyprus (-0.3%).
Dataset
geo | TIME_PERIOD | OBS_VALUE |
---|---|---|
EU27_2020 | 2021-05 | -1.1 |
EU27_2020 | 2021-06 | 0 |
EU27_2020 | 2021-07 | -0.3 |
EU27_2020 | 2021-08 | -0.7 |
EU27_2020 | 2021-09 | -0.1 |
EU27_2020 | 2021-10 | -0.4 |
EU27_2020 | 2021-11 | 0.3 |
EU27_2020 | 2021-12 | 1 |
EU27_2020 | 2022-01 | 1.2 |
EU27_2020 | 2022-02 | 3.4 |
EU27_2020 | 2022-03 | 4.6 |
EU27_2020 | 2022-04 | 4.9 |
EU27_2020 | 2022-05 | 5.3 |
EU27_2020 | 2022-06 | 6.6 |
EU27_2020 | 2022-07 | 7.6 |
EU27_2020 | 2022-08 | 8.8 |
EU27_2020 | 2022-09 | 9.6 |
EU27_2020 | 2022-10 | 10.9 |
EU27_2020 | 2022-11 | 12.1 |
EU27_2020 | 2022-12 | 12.6 |
EU27_2020 | 2023-01 | 14.1 |
EU27_2020 | 2023-02 | 15.9 |
EU27_2020 | 2023-03 | 17.5 |
EU27_2020 | 2023-04 | 17.8 |
EU27_2020 | 2023-05 | 18.5 |
EU27_2020 | 2023-06 | 17.5 |
EU27_2020 | 2023-07 | 16.9 |
EU27_2020 | 2023-08 | 15.9 |
EU27_2020 | 2023-09 | 15.3 |
EU27_2020 | 2023-10 | 14.9 |
EU27_2020 | 2023-11 | 13.6 |
EU27_2020 | 2023-12 | 13.2 |
EU27_2020 | 2024-01 | 11.2 |
EU27_2020 | 2024-02 | 9.2 |
EU27_2020 | 2024-03 | 8 |
EU27_2020 | 2024-04 | 7.4 |
EU27_2020 | 2024-05 | 6.3 |