Inflation: Why Your Morning “Cup of Joe” Is Pricier

Written By Great Point Capital

U.S. inflation continues to creep up. The CPI, released Sept. 11, indicated a 2.9% increase compared to this same time last year, according to the Bureau of Labor Statistics. Additionally, tariffs put into place by President Trump have driven up the prices of consumer goods––including your morning cup.

Key Takeaways:

  • Why is it more expensive? In April, a 10% blanket tariff was imposed on green coffee beans imported from countries like Vietnam and Brazil, atop other import tariffs.

  • The 20.9% increase in coffee prices, compared to last year’s numbers, is the highest jump since the ‘90s, according to CPI.

  • Another factor affecting the price of your morning brew includes droughts in coffee-producing countries, causing complications in the global coffee supply.

Interested in reading more? See this article in The New York Times.

Great Point Capital
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