How much did coffee cost in 2023?
Coffee averaged $6.16 per lb in 2023 — about $6.78 in 2026 dollars.
Monthly average price (USD per lb) · 2023
In 2023, coffee averaged $6.16 per lb at the U.S. city average, across all twelve months, according to U.S. Bureau of Labor Statistics average price data. The monthly price ranged from $6.04 in April to $6.36 in January. Over the year it fell from $6.36 in January to $6.09 in December, a 4.2% decline.
Adjusted for inflation, $6.16 in 2023 is worth about $6.78 in 2026 dollars. Today coffee averages $9.51 per lb, so in real terms it is 40% more expensive than it was in 2023. In plain (unadjusted) dollars the price is up 54% versus the 2023 average.
2023 monthly prices
| Month | Price | MoM |
|---|---|---|
| January | $6.36 | ▼ 1.7% |
| February | $6.35 | ▼ 0.1% |
| March | $6.18 | ▼ 2.6% |
| April | $6.04 | ▼ 2.3% |
| May | $6.09 | ▲ 0.9% |
| June | $6.09 | ▼ 0.1% |
| July | $6.14 | ▲ 0.8% |
| August | $6.09 | ▼ 0.8% |
| September | $6.09 | ▼ 0.1% |
| October | $6.18 | ▲ 1.5% |
| November | $6.17 | ▼ 0.1% |
| December | $6.09 | ▼ 1.3% |
| 2023 average | $6.16 |
FAQ
What was the average price of coffee in 2023?
Coffee averaged $6.16 per lb in 2023, based on 12 months of BLS average price data.
How much is $6.16 of 2023 coffee worth today?
Adjusted for inflation with the CPI-U, $6.16 in 2023 is about $6.78 in 2026 dollars.
How does the 2023 price of coffee compare to now?
Coffee now averages $9.51 per lb, up 54% from the 2023 average of $6.16.