Consumer
High Coffee Prices Are Here to Stay for Longer Despite US Tariff Cuts
Illycaffe ground coffee on the production line at a production facility in Trieste, Italy.
Photographer: Alessia Pierdomenico/BloombergCoffee lovers hoping for quick relief from historically high prices may have to wait longer as the expected pullback from a reduction in US tariffs has yet to materialize, according to Italian roaster Illycaffe SpA.
The company, known for the high-end espresso sold in silver-and-red cans, plans to raise prices again in January after two increases this year, Chief Executive Officer Cristina Scocchia said in an interview.