Argentine Coffee Prices Skyrocket, A Starbucks Latte Is 670 Pesos

According to the latest data released by the National Statistics Institute of Argentina (INDEC), the price of 500 grams of ground coffee in Argentina has increased by 116.7% in one year. In April last year, the price was 295.12 pesos.

The website "Iprofesional" reported on July 9 that at Starbucks in Argentina, a latte costs 670 pesos, while a mocha costs 730 pesos.

At bars in the capital, Buenos Aires, an extra-espresso coffee costs between 430 and 520 pesos.

According to data released by the Argentine Coffee Chamber of Commerce (Cámara Argentina de Café), Argentina's per capita annual coffee consumption is 1 kg, which is still far from the world's largest coffee consumption country, such as Finland (11 kg per capita annual consumption). .