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Joined 2 years ago
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Cake day: June 18th, 2023

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  • I keep reading this, I don’t think it adds up in the way that coffee shops are claiming.

    Nikki Bravo, the co-owner of Momentum Coffee in Chicago, raised prices by about 15% last week for lattes, cappuccinos and other drinks at her four locations.

    Bravo said she is paying 15% more for coffee beans compared to a year ago and has started roasting more beans in-house to save money. She gets most of her beans from Africa.

    When you a buy a coffee you’re paying for beans, sure. But mainly the expenditure of a coffee place is it’s staff, premises, taxes, equipment, water, electric and all the other overheads.

    The average U.S. price of a pound of ground coffee hit $9.14 in September, a 3% increase from the August average of $8.87 and 41% higher than in September 2024

    40% in a year is massive, but what does a lb make? 50 cups of coffee?

    So the cost of the beans went up 8c and she puts her prices up 50c and says it’s the beans.