Coffee visits to Starbucks, Dunkin’ drop as record-high inflation takes hold

Coffee visits to Starbucks, Dunkin’ drop as record-high inflation takes hold

As inflation reaches new record-highs, more Americans are ditching their daily cup of joe — at least at big coffee chains like Dunkin’ and Starbucks (SBUX).

According to new data from foot traffic analytics platform Placer.ai, coffee visits dropped below quick service restaurants for the first time all year during the month of June due to “a combination of inflation, high gas prices, and the rise in COVID cases,” the report noted.

Over the past two years — as the pandemic hammered fast…


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