Coffee prices up and away — in the US.

Figure 1: Price of coffee, US city average (brown), BLS import price index for coffee (blue), global price of Arabica coffee, in USD (light green), all in logs, 2025M04=0. Note that the BLS import price index DOES NOT INCLUDE TARIFFS. Source: BLS via FRED, World Bank, and author’s calculations.

Thank goodness, Mr. Trump is protecting our heroic coffee producers here in America!