Why Your Morning Coffee Might Cost More In 2022
If you love your morning cuppa, you're not alone: according to Statista, coffee is Americans' favorite drink, beating out water, soda, tea, beer, wine, and hard alcohol. The average coffee drinker downs more than three cups per day (via National Coffee Association), a habit that can really start to drain the ol' bank account. According to Yahoo, women spend an average of $2,327 per year on coffee drinks, while men spend an average of $1,934 per year.
Whether you brew your coffee at home, enjoy it in a café or coffee shop, or both, you've likely flinched at the costs of your caffeine enthusiasm on more than one occasion. And, unfortunately, 2022 is bringing some bad news for java drinkers: the already-high price of coffee is going to go up even more in the new year. Read on to find out what's responsible for the price increase on our beloved morning beverage.
Severe frosts caused a drop in production
According to Stuff, coffee drinkers can expect the price of their brew to increase in the new year. This unfortunate reality is the result of severe frosts that affected coffee plantations across Brazil earlier this year — the harshest frosts to hit coffee farms in more than 40 years, according to Global Coffee Report, harming almost 500,000 acres of plants. The country's coffee production dropped between 15 and 20 percent this past year as a result of the unusual weather patterns (via Stuff).
Since Brazil is the world's largest producer of coffee, its beans are sold widely and even included in many coffee blends, and the lack of availability of Brazilian beans over the past year means that what is available will be pricier than usual (via Stuff). Plus, since other coffee-producing areas will have to make up for the dearth of Brazilian coffee, shops and brands purchasing beans might have to import coffee grown farther away, adding to their operations costs — price increases which are then passed to their consumers. Time to savor that coffee even more slowly, enjoying each pricy sip.