What Is Causing Coffee To Be More Expensive?

Have you noticed that you are paying more for your favorite beverage, coffee? We’ll you are correct. An average cup at your local coffee shop averages about $4.50. Five years ago it was around $3.85. That is about a 17% increase, compared to an overall inflation rate of 10%. What is causing this sharp increase?  There are a lot of issues factoring into this. The coffee industry runs on very thin margins and is a very competitive business. COVID lockdowns have disrupted the shipping of beans, which has adversely affected the supply of coffee worldwide. Another major disruptor of the […]