The US BLS has announced that coffee prices will no longer be factored into CPI inflation data.
In fact, the April 2024 CPI inflation report this week will be the first to NOT include coffee price inflation.
Well, the obvious next step is to see what happened to coffee prices over the last few months.
Since September 2023, coffee prices are up a MASSIVE 78%.
From January 1st of this year through the high in April when this change was announced, coffee prices gained 35%.
All as Starbucks, $SBUX, just reported a 6% decline in traffic as higher prices deter consumers.
Hopefully we can get some MOYM or Josh H commentary on this
In fact, the April 2024 CPI inflation report this week will be the first to NOT include coffee price inflation.
Well, the obvious next step is to see what happened to coffee prices over the last few months.
Since September 2023, coffee prices are up a MASSIVE 78%.
From January 1st of this year through the high in April when this change was announced, coffee prices gained 35%.
All as Starbucks, $SBUX, just reported a 6% decline in traffic as higher prices deter consumers.
Hopefully we can get some MOYM or Josh H commentary on this
