3
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…
