Finland faces rising food and coffee prices, PTT forecast predicts
Prices are expected to increase on average by 1.5 percent this year and by 2.5 percent next year, according to Pellervo Economic Research PTT's calculations.
Consumers in Finland can anticipate a slight decrease in value for their money in the coming months, with the cost of groceries expected to rise by 1.5% this year and 2.5% next year, according to a forecast by Pellervo Economic Research (PTT). The forecast predicts a rise in coffee prices due to the El Niño weather phenomenon threatening harvests in Africa and South America.
PTT senior agricultural economist Päivi Kujala stated that if drought reduces coffee harvests, prices will increase in the following year. Coffee prices in Finland have been gradually increasing over the years, reaching a peak of nearly a third higher in 2025 compared to 2024, before stabilising. However, Kujala indicated that prices could rise slightly above the current level.
In addition, beef prices are anticipated to remain high without further increases, leading Finnish shoppers to opt for more chicken and pork. The high cost of beef has prompted producers to buy in greater quantities to offset higher production expenses. PTT expects this trend to persist. Furthermore, food prices in Finland are influenced by the Middle East conflict, which raises energy and fertiliser costs, significantly impacting food production costs.
Written by urgent.news from Yle News Finland's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
