Thanks to Krasnov coffee prices keep surging -- and it's likely to get worse

[Yo_Mama_Been_Loggin]

There’s no relief for coffee drinkers.

Coffee prices spiked 14.5% in July from a year ago, data from the Bureau of Labor Statistics show, while the average retail price for a pound of ground coffee hit $8.41.

That’s before 50% tariffs on imports from Brazil — the world’s top coffee producer — took effect earlier this month, a move that’s likely to ratchet up prices even more.

Broadly, tariffs are expected to contribute to retail price hikes of 15% to 20% for ground coffee, according to Bernstein analyst Danilo Gargiulo, and importers may shift to alternative suppliers like Vietnam and Colombia.

https://finance.yahoo.com/news/coffee-prices-keep-surging--and-its-likely-to-get-worse-140643669.html