Your morning coffee is about to get more expensive: How to keep your costs down

If you enjoy drinking coffee, be prepared to pay a little more for your next cup.

Coffee prices increased more than 14 percent on an annual basis in July, according to the Bureau of Labor Statistics, and recent duties on imported coffee are going into force. With a new 50% duty on coffee imports from Brazil, the world’s largest supplier of coffee beans, experts worry that prices could increase even more.

Christine Smalley, the proprietor of Fort Thomas Coffee, has been managing this “brewing storm” of growing expenses.

According to Smalley, they have climbed by roughly 10%, and our roaster raised prices by 5% only a few weeks ago.

She has changed the cost of food and other products instead of boosting the price of coffee in spite of these increases.

We needed other sources of income, so we expanded. She clarified, “So we try to balance it out to not harm the consumer.”

See how you may reduce the cost of your coffee by watching:

Consumer Choices at Risk

The Peterson Institute for International Economics’ Monica DeBolle warns that because of these high costs, consumers may have less options when it comes to coffee.

According to DeBolle, some growers might find it challenging to sell coffee in the United States these days. It’s possible that certain coffee brands will vanish from stores.

Supermarket chains can experience price hikes more quickly than large coffee chains, who stockpiled up on beans prior to the tariffs being implemented.

“It will be significantly higher than it was a week ago if it’s on the shelf,” DeBolle continued.

Tips to Save on Coffee

Here are some useful money-saving suggestions if you make coffee at home in the interim:

• Buy Whole Beans and Grind Them Yourself: They stay fresher longer
• Purchase Coffee Beans in Bulk: This can lead to significant savings
• Refrigerate Leftover Coffee: Enjoy it iced for a refreshing alternative
• Stock Up During Sales: Take advantage of discounts when they re available

If you would rather visit a neighborhood coffee shop, know that businesses such as Fort Thomas Coffee are making every effort to maintain reasonable prices.

We will make preparations if the new tariff is 50%. However, Smalley assured us, we are not in a panic.

Therefore, if the costs of your neighborhood coffee shops rise in the upcoming weeks, don’t be hasty to pass judgment.

You may avoid wasting your money by making educated decisions if you know why the changes have been made.

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