The Specialty Coffee Retail Price Index (SCRPI)* is being developed by researchers at Social Enterprise @ Goizueta to track the retail prices charged by a representative group of North American specialty coffee roasters.
In the first quarter of 2018, the SCRPI rose 2.6%. The average price for roasted specialty coffees at the end of March 2018 was $23.86 per pound. This breaks down into an average of $17.08 per pound for the lowest-priced coffees (+1.3%), and $30.65 for the highest-priced coffees (+3.4%) sold on the websites of the SCRPI roasters.
The year-over-year change in specialty coffee prices – from the first quarter of 2017 to the first quarter of 2018 – was +0.7%. This breaks down into a 1.8% increase for the lowest-priced coffees, and no change for the highest-priced coffees.
The corresponding ICO Composite Price for green coffee fell to $1.12 per green pound in March 2018. Thus, as retail prices for specialty coffees rose 2.6%, commodity prices fell by 3.0% during the first quarter of 2018. Year over year, as average retail prices for specialty coffees rose 0.7%, the ICO Composite Price decreased by 15.5%.
* The number of SCRPI roasters currently stands at 56. Green Mountain Coffee was acquired by Keurig, which does not sell roasted coffee in bags. The website for Supreme Bean is currently under construction. Stone Cup Roasting did not sell its coffees on-line during the current quarter. Finally, Starbucks stopped selling coffees on-line during the fourth quarter of 2017.
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