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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…
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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…
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
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