A new study by Toast reveals the states where coffee drinkers will spend the most in 2024, with Hawaii topping the list at $4.98 per cup. The cost of coffee has risen significantly over the past 20 years, with the national average now at $3.08, up from $2.15 in 2004. Other expensive states include California ($3.88), Washington ($3.69), Arizona ($3.51), and Massachusetts ($3.49). Interestingly, New York, often perceived as pricey, ranks only 16th at $3.24 per cup. The study attributes rising coffee prices to erratic weather patterns affecting coffee harvests in key producing countries like Vietnam. Despite these increases, the Consumer Price Index shows a slight decrease in roasted and instant coffee prices in May 2023 compared to the previous year. This comprehensive analysis highlights the financial impact on coffee lovers and underscores the broader economic trends affecting everyday consumer goods.
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