European seafood traders are getting ready for the holiday season, generally a main consumption period. The signs are positive: with lower inflation in the region, consumers are more willing to travel as well as go to restaurants, which comprise one major outlet for seafood products. In addition, the prices of both farmed and wild-caught seafood are declining, influenced by the stabilization of the cost of fuel.

The euro area annual inflation rate was 2.4 percent in April 2024, which is stable compared to March 2024. Comparatively, a year earlier, the rate was 7.0 percent. In the European Union, the annual inflation was 2.6 percent in April 2024, again stable

compared to March 2024. The present price report shows declining prices for 30 percent of the fish recorded, with 21 percent increases for some species and the remaining prices staying stable.