The government's increase in excise taxes in February further raised the price of coffee, which rose by as much as 25 percent in a year. This drink has become so expensive that some might wonder, while thinking if they need a third cup in the afternoon.
Global raw coffee prices have doubled in just a few months as production has been reduced due to adverse weather conditions, and further increases could be fueled by the announced introduction of US tariffs on imports from all countries.
Although in recent years large producers have been able to absorb the increase in coffee prices to keep customers happy and to maintain market share, that too looks set to change.
The price of coffee on the world market has increased by more than 2024 percent since the beginning of 54, according to data from the Trading Economics website. The new economy analyzes how the domestic market will react in the coming period
