
Pour one out for your daily cup. After tax and tip, a large coffee in my New York City neighborhood now runs almost $8. Yes, I ask for oat milk; no, there’s nothing else “fancy” about it. I’m now second-guessing the once- or twice-weekly indulgence as inflation has ballooned the price of not just coffee but most everything else in my budget.
I don’t mean to complain. I understand the economics of why the price has gone up. The beans, rent for the shop, wages for the employees, specialty milks—all those costs have increased. What used to cost $4.20 on average for a pound of ground coffee in 2019 costs $6.19 today.