Americans are waking up to higher prices for their morning coffee, as President Donald Trump 's tariffs on key exporting nations begin to take hold.

On Thursday, the Department of Labor released its Consumer Price Index for the month of August, which found that the annual inflation rate had accelerated to 2.9 percent from 2.7 percent in July. Among the revelations contained in the press release, coffee prices have risen by 20.9 percent over the past year, with instant and roasted costs up 20.1 percent and 21.7 percent, respectively.

According to the Labor Department data, the average retail price per pound of 100 percent ground roast coffee has now risen to $8.87, up from $7.02 in January.

Why It Matters

While consumers have remained largely shielded from the price effects of Presi

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