Disturbing news has hit the headlines for coffee enthusiasts in America and beyond… Coffee bean prices are on the rise! The price of coffee in the U.S. has been climbing since January 2021, with experts saying that the cost of coffee is now 65% higher than it was then. To paint you a clearer picture, a pound of ground coffee would’ve cost you about $28.64 in 2021. Now, it sets you back an eye-watering $32.80 per pound (as of September 2024). This growth in costs is due to crazy weather patterns affecting the coffee crops of the world’s largest producers and growing demand (because let’s face it, we can’t get through the day without it).
According to the Guardian, coffee prices are expected to rise even more in the coming months, and we are already feeling the pinch. To continue enjoying our daily cups of coffee, we must get creative with hands-on ways to save. We, at Spresco, have put this guide together to give you useful saving tips and strategies to manage spiking coffee prices. Let’s dig in.
Rising Coffee Prices | Useful Saving Tips and Strategies
Buying in Bulk
If you can’t imagine life on just one cup of coffee a day, buying in bulk is a simple way to save on your favorite beverage. It may be a little costly initially, but buying in mass can reduce the price paid per unit, making it more worthwhile in the long run.
Opting for whole beans can also help stretch your coffee supply. Whole beans stay fresh longer than pre-ground coffee, which means you can buy larger quantities without worrying about spoilage.
Choose Store Brands Over Name Brands
It might be tempting to loyally spend your last dollar on your most-liked name brands with rising coffee prices. However, many store brands offer superior quality at a fraction of the price. Don’t overlook lesser-known coffee brands when exploring the options because they can provide great value and similar taste.
Spresco supplies competitively priced premium coffee with its coffee machines. By switching to store brands or trusted alternatives like Spresco, you can radically cut your coffee budget down without sacrificing your coffee experience.
Consider Subscription Services
Signing up for a subscription service can be a great way to lock in lower rates that will counteract coffee price increases. Many services have exclusive benefits for subscribers including discounted prices and delivering coffee directly to your door to save you both time and money.
Some subscription services allow you to specify the quantity and frequency of deliveries to suit your consumption habits. You can get just the right amount of coffee at a more predictable price. So, investigate options like Spresco’s espresso machine rental service, where you can save while savouring your preferred specialties regularly.
DIY Espresso at Home and Office
Espresso is gaining popularity but buying it regularly from a café can quickly add up. Instead of spending $5 or more on each cup, why not make it yourself at home and the office?
With just the right espresso machine, coffee beans, water, and a little enthusiasm, you can more affordably prepare as many cups as you need for your daily fix. It’s an awesome way to shrink your daily coffee expenses while continuing to indulge in a rewarding treat.
Reuse Coffee Grounds
If you are environmentally conscious and thrifty, then it’s possible to reuse your coffee grounds. You can save on your overall household budget by recycling used beans and employing them elsewhere in your home. Get experimental with leftover coffee grounds and use them for purposes like handmade coffee scrubs, or in the garden as a natural fertiliser.
Stay Updated on Coffee Price Trends
Keep an eye on the price of coffee in the U.S. to stay in the loop about coffee price changes before your next shop. Monitoring coffee prices from different blends can help you make comparisons. It’ll also guide you on when to stock up so that you can regulate your spending as you follow the news on current trends.
Conclusion
Although rising coffee prices can be a source of panic for many, adopting smarter shopping habits and integrating flexible replacements like Spresco’s price plan can help you manage costs. As you buy in bulk, explore supreme, inexpensive brands, and make your coffee at home and the office, you’ll become better equipped to handle the ongoing coffee price increase without negotiating on quality.At Spresco, we deliver technologically advanced bean-to-cup coffee machines that can help you craft as many of your favourite specialty coffees as you can handle. To start saving, contact Spresco, your go-to for exceptional yet reasonable coffee.