Coffee

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Coffee prices haven’t surged this much in decades | CNN Business (edition.cnn.com)

submitted 1 day ago by IcedRaktajino@startrek.website to c/coffee@lemmy.world

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US retail coffee prices surged 21% year-over-year in August, the largest annual increase since October 1997, according to Thursday's Consumer Price Index. The monthly 4% jump marks the steepest rise in 14 years. Trump administration tariffs on major coffee exporters -- 50% on Brazil, 20% on Vietnam, and 10% on Colombia -- are driving costs higher as 99% of US coffee consumption relies on imports.

J.M. Smucker plans its third price increase this winter for Folgers and Cafe Bustelo brands after raising prices in May and August. New Orleans chain French Truck Coffee has implemented a 4% tariff surcharge. Starbucks expects peak cost impacts in 2026 due to its advance purchasing practices. KPMG chief economist Diane Swonk predicts prices will exceed historical records as Brazilian tariff effects reach retail shelves.

I dunno what I'm gonna do when my stash runs out. About 6 months ago, coffee was on sale and I bought as much as I could store in the crisper drawers of my downstairs fridge. I've probably got about another 6 month's supply and am probably going to be aghast when I have to buy more 😔

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[–] phant@lemmy.world 9 points 1 day ago

Price of coffee (and cocoa) is going up everywhere in the world due to climate impacts. Tarrifs are a double whammy for the US tho.