Food prices have stagnated, but tariff-sensitive products such as coffee and teas have risen sharply, affecting small businesses.
Ana-Maria Tapescu
International
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Although the US consumer price index showed food prices stagnating in July, items such as coffee and teas saw notable price increases, worrying small businesses. The price of coffee rose 14.5% from a year ago, and coffee shop owners are facing rising purchase costs. Import tariffs are hitting profit margins hard and small businesses are forced to choose between quality and survival. This could also affect product availability in supermarkets, affecting the diversity of the US food market.
Sources
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