- The changes occur months after prices for the Pumpkin Spice Latte, one of the brand’s most popular seasonal items, increased some 4% from the previous autumn.
- Coffee prices in the United States have more generally increased 14.3% between December 2021 and December 2022, according to data from the Bureau of Labor Statistics, while prices for roasted coffee and instant coffee have risen 15.5% and 10.8%, respectively.
- Overall food inflation reached 10.4% as of two months ago, considerably exceeding the 6.5% headline inflation rate.
