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Starbucks Raising Prices Has Coffee Drinkers Feeling Inflation’s Bitter Bite

  • Cafes around the world are raising prices for a cup of coffee
  • Spot arabica futures rose by more than 76% last year
RF coffee espresso

Source: Getty Images

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From Seoul to Seattle, the soaring cost of coffee beans is trickling into the cups of consumers. 

Some of the world’s biggest roasters and sellers of coffee are upping menu prices, having flagged that customers would be paying more as beans began to surge last year. Higher wages and other costs have also added to the rising charge for a daily cup, which is in turn increasing the inflationary pressures coursing through the global economy.