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The retail price of coffee in the U.S. has increased by nearly 21% year-over-year, the highest jump in 28 years.

Oklahoma coffee shops are facing significant cost increases, forcing them to raise prices and consider new business strategies.

Major grocery store brands like Folgers are also passing increased costs on to consumers, with instant coffee prices up over 20%.

If they haven’t already, Oklahomans may soon have to increase their weekly budget for America’s favorite beverage.

The retail price of coffee in the U.S. has increased close to 21% year-over-year, according to Consumer Price Index data released earlier this month. It’s the highest jump in 28 years.

Fed data shows the average retail price of ground roast coffee was $8.87 per pound in August, up from $

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