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Benzinga
Benzinga
Business
Madison Troyer

Coffee Drinkers In For A Jolt As Tariff Repercussions Begin To Affect Prices

United States EA SPORTS Bureau of Labor Statistics Kevin OLeary CNN
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Your morning cup of joe just got a lot more expensive. Retail coffee prices were up almost 21% in August from the year before, according to the Bureau of Labor Statistics. 

Tariffs are one of the most significant factors driving this price hike, says CNN. According to data platform Statista, the U.S. is the world's largest importer of coffee. In 2024, the U.S. imported nearly $9 billion worth of coffee beans 

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