How much have coffee prices increased?

The average retail price of a pound of ground coffee has rocketed more than 40% over the past year, pushed up by economic, political, and environmental factors. An intense drought in Brazil , the world’s top coffee producer, and heavy rains in Vietnam, the second-largest producer, reduced the supply of beans last year. Then in April, President Trump slapped so-called reciprocal tariffs on almost all of America’s trading partners, causing prices to spike even higher. Coffee futures reached an all-time high in October, and on grocery store shelves, ground coffee topped $9 a pound. In a country that gets through some 3.5 billion pounds of coffee a year, and where two-thirds of the population drink at least one cup a day, that’s hard to ignore. Chuck S

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