Inflation's Stubborn Grip: What the Fed Rate Hike Means for Coffee Prices and Your Wallet The latest Consumer Price Index (CPI) numbers are out, showing a 0. 4% increase in August, with an annual rate of 3. 4%.
This modest rise has put the Federal Reserve on high alert, as it weighs the pros and cons of raising interest rates next week to combat inflation.
For those who rely on stable prices for their daily lives – including coffee aficionados – a rate hike could mean higher costs for beans, brewing equipment, and cafe visits.