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From what I've heard this is largely due to bad weather due to climate change, as I understand it, we should not expect coffee prices to ever go back to where they were.
For the past 4-5 years it seems prices have only gone up here. It's more than triple now of what it used to be before Covid, and that's only 5 years!
But I'm not an expert, this is just what I've been seeing as a heavy coffee drinker in the supermarket, and what I've gathered from short news tid-bits.
My ground coffee has gone up about 20-30% over the past 2 years. This is just based on memory and not an exact calculation. It’s possible, I’ve misremembered the old price slightly, but either way it has gone up.
The cost of pretty much everything has gone up that much in that time.
As it turns out, more money in the hands of consumers tends to translate to higher prices.
It's almost like, and hear me out, it's almost like businesses charge what people are willing to pay, not what goods cost to produce.
Pretty much. I watched my favorite coffee hut (literally a hut that you drive up to) go from $3 large like 5 years ago to $4, then within a year hit $5. At that point, I stopped going, although funny enough, i did go there today since it was convenient and it's now $5.50... I laughed and said yeah I'm definitely done now. As much as I like coffee, it's now a high-end luxury item that I can no longer afford even occasionally due to everything else raising as well.
You could always make it yourself. Although caffeine pills are the cheapest way to go if it's really caffeine you're after.
Paying $3 for a drink was always a scam. Paying $5 is just like getting ripped off by a drug dealer while thinking you're getting the hook up. Complete insanity.