Coffee prices in the U.S. have surged by 23% from 2021 to 2024, reflecting significant inflationary pressures. The Independent's analysis of major coffee chains like Starbucks, Dunkin’, Peet’s, and Blue Bottle in cities such as New York, Boston, Chicago, San Francisco, and Houston reveals steep price hikes, especially for cold brews and lattes. Cold brews in New York and Boston have seen the sharpest increases, with prices climbing over 50% at some outlets. Lattes, now averaging $5.50, have experienced fluctuating prices with significant increases in recent years. Black coffee prices have risen dramatically by 26.4%, with a notable spike between 2022 and 2023. The impact of these increases is more pronounced in cities with higher living costs, while Houston saw the least dramatic price changes. Current trends suggest no respite from these rising prices, indicating that the cost of your daily cup of coffee might continue its upward trajectory.
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