Reasons for 25% Increase in Coffee Prices Compared to Last Year

Coffee prices in Canada have surged nearly 28% between 2024 and last month, significantly outpacing the overall food inflation rate of 4.2%. Factors contributing to this increase include adverse weather affecting production in Brazil and Vietnam, which has led to tighter global supply chains, and a rising demand for coffee in Asia. The average household’s coffee expenditure has increased from $64 to $169 since 2010, with prices expected to remain high due to ongoing production challenges. Despite dropping tariffs, experts predict that Canadians will continue to face elevated coffee prices in the near future.

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