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2025-09-14 17:34:54
US Coffee Prices Soared Nearly 21% Year-Over-Year in August, the Largest Increase in Nearly 28 Years. 1. According to a CNN report on the 12th, the latest Consumer Price Index showed that US retail coffee prices rose nearly 21% year-over-year in August, the largest increase since October 1997. The report analyzed that this price increase was primarily driven by US tariffs. 2. As the world's largest coffee importer, the United States imports over 90% of its coffee, primarily from countries like Brazil and Vietnam. Brazil is one of the United States' most important coffee suppliers, but since August, the United States has imposed a 40% ad valorem tariff on Brazilian products, resulting in most Brazilian exports to the US facing tariffs as high as 50%. 3. As a result, the Brazilian Coffee Exporters' Committee reported that US coffee imports from Brazil plummeted 46% year-over-year and 26% month-over-month in August. Although coffee companies and merchants have attempted to absorb some of the costs themselves, consumers are beginning to feel the pressure of price increases. For example, one coffee shop in New Orleans has added a 4% tariff surcharge to orders. 4. KPMG Chief Economist Diana Swank predicts that as the effects of tariffs continue to be transmitted to the retail end, US coffee prices may "easily break historical records"
