Soaring coffee prices have Italians ‘afraid and panicking’

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Financial Times 17h ago

Soaring coffee prices have Italians ‘afraid and panicking’ - Financial Times

Quick Summary:

Italians drink some of western Europe’s least expensive coffee, paying about €1.20 for an espresso or €1.50 for a cappuccino, in the country’s ubiquitous and convivial coffee bars.

Consumer groups are up in arms, with Assoutenti noting Italy’s espresso prices have risen about 15 per cent since 2021, as baristas confront surging energy costs and other pressures.

Morello and others representing the sector disagree.“Dedicated coffee bars are in trouble,” said Luciano Sbraga, deputy president of the Federation of Italian Public Establishments, which represents many of Italy’s estimated 132,000 coffee bars.“They can only work if they are run by families, with no employees, and no expensive locations.