Why your $7 latte is $7

That Pumpkin Spice Latte is going to cost you a pretty penny this fall.

If you are a connoisseur of fancy coffee and fancy coffee shops (or even just fancy-ish), you’ve probably noticed that the price of your favorite drink is higher than it used to be. Nowadays, the base price for a regular latte is something like $6, then maybe you add in vanilla syrup, which costs you an extra dollar, and ask for oat milk, which is a dollar more. You’re now staring at an $8 drink, plus...