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Coffee prices trend downward since early 2012, following sharp increase in prior year

September 26, 2013

International Coffee Day is Sunday, September 29. To mark the occasion, this edition of The Editor’s Desk looks at trends in coffee prices over the past decade. The Consumer Price Index (CPI) for coffee reached its most recent peak in January 2012. Coffee prices then started declining and were 10 percent lower in August 2013 than in January 2012.

 

Consumer Price Indexes for coffee and tea, not seasonally adjusted, January 2003–August 2013
MonthCoffeeOther beverage materials, including tea
All coffeeRoastedInstant and freeze dried

January 2003

100.000100.000100.000100.000

February 2003

99.03498.76599.635100.699

March 2003

100.06999.931100.061100.437

April 2003

101.104101.441100.12298.427

May 2003

99.72499.725100.06198.514

June 2003

100.966101.441100.30498.689

July 2003

100.966101.030100.48697.640

August 2003

101.311101.784100.54797.815

September 2003

100.621100.755100.54796.853

October 2003

99.37999.31499.51498.339

November 2003

98.27597.80499.81899.388

December 2003

98.82799.24597.81399.913

January 2004

99.44899.65799.878100.000

February 2004

100.069100.480100.304100.262

March 2004

100.552100.824100.72999.825

April 2004

100.552100.755100.24398.077

May 2004

99.79399.794100.00098.164

June 2004

98.75898.42199.69698.339

July 2004

100.966101.030101.82397.990

August 2004

101.518102.128101.21597.990

September 2004

101.035101.647100.24398.514

October 2004

100.552100.618103.03899.738

November 2004

99.862100.343102.06699.913

December 2004

100.414100.480101.944100.874

January 2005

104.693105.834105.043101.136

February 2005

105.590106.520105.650101.049

March 2005

106.487107.481105.346101.136

April 2005

111.387113.933106.865100.000

May 2005

111.870114.756106.804100.000

June 2005

114.010117.021107.71699.563

July 2005

114.010116.884108.38499.913

August 2005

114.838117.914108.68899.738

September 2005

112.905115.717108.748100.524

October 2005

113.734116.815107.290101.486

November 2005

113.665116.335107.776102.098

December 2005

112.008114.688106.318101.311

January 2006

112.560115.511106.865101.748

February 2006

112.767115.443107.412103.147

March 2006

115.045118.394107.351102.885

April 2006

114.493117.845106.987101.049

May 2006

115.528118.806107.959100.612

June 2006

114.286116.404108.445100.262

July 2006

113.665115.786107.412100.087

August 2006

114.631115.923108.991100.874

September 2006

114.010115.786107.412101.311

October 2006

114.286115.511110.267101.923

November 2006

113.043114.345110.693104.283

December 2006

114.424114.139114.520103.934

January 2007

117.596118.157115.178103.653

February 2007

119.349120.386115.823104.277

March 2007

120.210122.463113.926104.721

April 2007

120.144122.073115.134103.953

May 2007

121.778123.550115.711103.695

June 2007

121.876123.931115.587104.066

July 2007

123.736126.066116.920103.358

August 2007

124.462126.482117.965105.003

September 2007

121.747124.331113.812105.441

October 2007

122.180125.102113.700106.483

November 2007

120.722123.462113.380105.669

December 2007

120.830124.058111.804106.321

January 2008

123.939126.822116.375108.105

February 2008

122.875124.830118.348106.276

March 2008

126.026127.897121.035107.844

April 2008

130.798133.485124.481106.187

May 2008

132.095134.723125.586105.638

June 2008

131.859134.087125.586106.240

July 2008

133.270135.654126.264106.102

August 2008

133.549136.071126.698108.197

September 2008

133.033135.116128.301106.769

October 2008

132.342134.390127.288109.591

November 2008

129.058130.953126.399109.306

December 2008

128.315129.786125.940108.260

January 2009

129.674131.546125.067110.337

February 2009

129.679131.721125.578109.657

March 2009

129.144131.027125.222110.423

April 2009

128.163130.712122.011107.743

May 2009

128.017129.999122.004107.446

June 2009

129.473132.200122.567106.663

July 2009

129.395132.821120.563106.149

August 2009

130.035133.198121.081109.235

September 2009

129.608133.011120.781108.657

October 2009

128.639131.572119.987109.337

November 2009

126.396129.327120.074109.202

December 2009

124.777127.093119.589109.231

January 2010

128.050131.506120.062109.460

February 2010

127.444130.479120.502110.339

March 2010

127.267130.501120.177110.628

April 2010

126.825129.635120.174109.914

May 2010

127.177130.463120.776108.505

June 2010

127.549130.873120.857107.717

July 2010

127.114130.401120.120108.601

August 2010

129.037132.703120.182108.601

September 2010

131.528135.279123.078109.399

October 2010

132.516136.544122.698107.922

November 2010

131.393135.594121.531109.275

December 2010

127.936131.442120.912108.417

January 2011

134.323138.826123.268109.203

February 2011

134.059138.756124.011110.277

March 2011

139.293144.591125.448110.298

April 2011

144.299149.990127.345109.719

May 2011

147.490153.800126.973109.737

June 2011

149.971156.530127.364109.309

July 2011

153.369160.019132.728108.570

August 2011

155.401162.303132.303109.437

September 2011

152.638159.260130.825110.253

October 2011

153.456160.187130.603109.314

November 2011

153.817161.544127.128110.057

December 2011

152.682158.891133.109110.750

January 2012

155.037162.216132.772110.458

February 2012

152.978159.903131.368110.530

March 2012

152.988160.487127.965109.605

April 2012

152.602158.894132.156111.017

May 2012

151.415157.441132.208108.652

June 2012

149.601155.271130.012110.807

July 2012

149.070154.714131.920109.962

August 2012

149.502155.216131.890110.467

September 2012

147.764153.416128.706110.547

October 2012

147.536153.176128.979110.467

November 2012

146.144152.169126.948109.870

December 2012

146.117151.741127.937110.613

January 2013

147.233152.557130.639111.606

February 2013

146.704151.961130.890111.344

March 2013

145.374150.814129.375111.468

April 2013

143.052148.026125.081112.066

May 2013

143.117148.413124.796111.127

June 2013

141.555146.278124.157110.957

July 2013

141.580146.087125.161111.045

August 2013

139.470143.769123.865111.130

 

Note: January 2003 = 100.000

 

 

The decline in coffee prices in 2012 and 2013 follows a sharp increase in prices in 2011. The CPI for coffee was 21 percent higher in January 2012 than in January 2010. Despite the recent price declines, the CPI for coffee was 38 percent higher in August 2013 than it had been 10 years earlier.

Prices for roasted coffee generally have increased more rapidly over the past decade than prices for instant and freeze dried coffee. The CPI for roasted coffee was 41 percent higher in August 2013 than in August 2003. By comparison, the CPI for instant and freeze dried coffee increased 23 percent over the same time period.

If coffee is not your cup of tea, you may be interested to know that prices for other beverage materials, including tea, increased 14 percent from August 2003 to August 2013.

These data are from the BLS Consumer Price Index program and are not seasonally adjusted. To learn more, see "Consumer Price Index — August 2013" (HTML) (PDF), news release USDL‑13‑1884.

SUGGESTED CITATION

Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Coffee prices trend downward since early 2012, following sharp increase in prior year on the Internet at http://www.bls.gov/opub/ted/2013/ted_20130926.htm (visited October 25, 2014).

OF INTEREST

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