There's been far less inflation in beans (so far), so this means that your coffee place is paying its staff more and/or paying more in rent (which means everybody who could work in that spot is making more money). This is the entire goal of left/labor macro that juices employment, causing inflation
Every lefty loves the idea of full employment until they have to buy services
Just to be clear, you think full employment in the US was responsible for inflation rate spiking in 2021-2023?
You're literally looking at the chart that includes all inputs to the prepared coffee product, including rent and labor.
Raw coffee has actually inflated too - because we created inflation and people are willing to pay more for coffee either at home or out - but as with many commodities, the price is volatile. And is a tiny fraction of what you pay for at the cafe. fred.stlouisfed.org/series/APU00...
wow ground coffee up 30%, all coffee up 15%, and all food only up 2.8%. Pretty crazy price increases on coffee compared to all foods yoy
It's the same for the food
This is untrue, USD coffee futures have dramatically increased due to a weaker dollar and weak harvests due to climate change
Brazil had a wet winter, and with no El Nino nor La Nina all the largest producers aren't experiencing large anomalies. But, then, came the biggest disaster of all(Trump)
