"Coffee prices have surged 30.5% year over year, driven by a 40% tariff on Brazilian imports and skyrocketing freight costs due to shipping restrictions."
"Inflation hit 3.3% in March, marking the highest annual rate since April 2024, with a significant one-month increase attributed to energy prices."
"The average retail price of ground roast coffee reached $9.46 per pound, reflecting the impact of tariffs and energy costs on consumer goods."
"While core inflation rose only 0.2% month over month, several economists warned against becoming overly optimistic about the inflation trajectory."
Inflation rose nearly a full percent in one month, driven by energy prices, particularly gasoline, which surged 21.2%. Yearly inflation reached 3.3% in March, the highest since April 2024. Coffee prices spiked 30.5% year over year, influenced by a 40% tariff on Brazilian imports and increased freight costs. While core inflation remained stable, other categories like airfare and apparel also saw price increases. Economists remain cautious despite some positive trends in core inflation and flat food prices.
Read at Fortune
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