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Coffee prices defy decline despite drop in wholesale costs
The AP reports restaurants largely hold coffee prices due to economic inertia. Even as wholesale costs dip, operators cite higher labor and menu item costs, and few outlets lower prices. Chains like Friendlys and Wendy’s note steadier prices, while some shops see customers cut back on coffee consumption. A Brazil frost raised concerns of price spirals, but supplies remain ample.
MENTIONED IN THIS ARTICLE
Associated Press
Fred Gray
U.S. Department of Agriculture
John Penbrook
Friendlys
Penbrook
Karen Brooks
Brook’s
Atlanta
Wendy’s International Inc
Columbus
Ohio