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Coffee prices in Canada rose sharply due to doubled bean costs and tariffs, with Tim Hortons and grocery prices surging.
Coffee prices in Canada are rising, with Tim Hortons increasing cup prices by 1.5%—its first hike in three years—due to coffee bean costs more than doubling to $545 per pound.
Grocery store coffee prices surged 27.9% in August, driven by global trade tensions, U.S. and Canadian tariffs on coffee and related goods, and supply chain disruptions.
Canada imports most unroasted coffee from Latin America and roasted coffee from the U.S., but tariffs have increased costs for importers.
Despite most retaliatory tariffs being lifted on September 1, prices remain elevated, with food prices overall up 3.5% in August, outpacing broader inflation.
Los precios del café en Canadá aumentaron bruscamente debido a los costos y aranceles duplicados de los granos, con el aumento de los precios de Tim Hortons y de los comestibles.