Espresso for millions: rising prices endanger Italian coffee ritual!

Espresso for millions: rising prices endanger Italian coffee ritual!

Bozen, Italien - The concern for the beloved espresso is larger in Italy than ever. According to the Assuteni consumer protection association, the prices for a cup of espresso have risen by shocking 20 percent since 2021. This could soon be even greater, since Italian coffee roasters warn that the prices could continue to attract due to record costs for raw coffee. High greenhouse gas emissions, logistical problems and speculations in the raw material market tighten the situation. While cities such as Bozen are leading to an espresso with 1.43 euros, coffee drinkers in Catanzaro can still strike for one euro. Nevertheless, these prices could soon be a thing of the past, such as oe24.at reported.

The situation also comes to a head in Germany. Despite the high popularity of the coffee, the coffee price shows an alarming trend. The prices on the raw material exchanges, especially for the Arabica variety, reach maximum stalls that have not been seen for over 45 years. A Pound Arabica currently costs around $ 3.20. Factors such as bad harvests and political decisions, together with the increased production costs, contribute to the price increase. However, coffee consumption in Germany remains unbroken because the Germans drink almost 130 liters of coffee per person annually. Łaut Finanztrends.de The coffee price for investors remains of great interest and has a direct impact on the trading markets.

The combination of exorbitant raw coffee prices and climatic changes make coffee lovers with a massive challenge. While Germany and Italy are characterized by coffee consumption and this is part of their culture, these rising prices could be a serious threat to enjoy. The question remains: How long can consumers afford these price increases before the everyday ritual also becomes luxury?