The Art of Savoring Life: A Former Coffee Addict's Journey to Mindfulness.

A finance expert with experience at Bloomberg summarizes the article "What Quitting Coffee Taught Me About Savoring Life." The author discusses how their coffee habit developed in their mid-20s while working in Central America. They learned to drink coffee strong and black, with plenty of sugar. The author reflects on what quitting coffee taught them about savoring life, but the article does not provide specific details on this topic. The summary ranges between 30 and 90 words.

Coffee prices have been on the rise due to a combination of adverse weather conditions in producing countries and recent tariff announcements by the U.S. government. The article by Charles Passy from Morningstar highlights the impact of these factors on both futures and retail prices. In January 2023, coffee futures were trading at around $1.50 per pound, but by February of this year, they had soared to above $4, although they fell in May and June [1].

Bad weather conditions, such as droughts in Vietnam, have significantly contributed to the price increase. Additionally, President Trump's announcement of a 50% tariff on Brazilian goods led to an immediate spike in coffee futures, with prices rising by 5.4% to $3.0185 per pound [1].

The retail prices have also been trending higher, with June retail coffee prices up 2.2% over the previous month, far outpacing the 0.3% increase in the broader array of consumer goods and services [1]. Specialty coffee prices, in particular, have seen a significant increase, with 12-ounce bags selling for $15 or more, and a cup of coffee from a local specialty place averaging $4.50, up from $4 two years ago [1].

Some consumers are resorting to hoarding coffee to lock in prices, as seen in the case of Lisa Wells, a public-relations consultant who stores multiple bags of her favorite beans [1]. However, experts warn that this strategy may lead to stale coffee and advise against it.

Companies like Starbucks and Graffeo Coffee Roasting Co. have been trying to limit price increases, but the overall trend suggests that prices may continue to rise in the near future. There is some hope for relief as weather conditions improve and the Trump administration may lower its tariff rate on Brazilian goods, but it may take until late 2026 or early 2027 for prices to come down [1].

References:
[1] https://www.morningstar.com/news/marketwatch/20250719168/some-americans-are-hoarding-coffee-fearing-that-prices-for-their-morning-brew-could-go-even-higher