Coffee chain executives on surging prices
CBS America · Just In
CBS America
Just In
Coffee prices are spiking as new tariffs take hold and consumers turn more cautious. Kelly O'Grady sat down with the founder of Gregorys Coffee, a New York-based roastery, as coffee chains across the country confront the true price of your daily brew.
Breakdown
- Coffee prices are rising in the U.S. due to new tariffs and cautious consumer spending. 3s
- Gregory's Coffee has shifted paper goods production domestically to avoid tariffs, but coffee beans from Brazil now face a 50 percent tariff. 1m 1s
- Sourcing coffee from other countries is challenging due to differences in flavor profiles. 1m 31s
- The price of a pound of coffee has increased by more than $2.50 compared to last year. 1m 47s
- Menu price increases at coffee chains may be necessary to address rising costs. 2m 0s