Why choose between a caramel latte and a PSL when it's so easy to enjoy the best of both with a caramel pumpkin spice latte?! The warm and cozy flavors of homemade pumpkin spice syrup combine with the buttery sweetness of caramel simple syrup for an ultra seasonal treat. Save money and indulge this fall on fancy coffeehouse drinks at home.

When the spirit moves you to take a detour to HomeGoods, where you find the exact flavor of the exact brand of coffee syrup you've had your eye on, you capitalize on your good fortune and make a coffee drink straight out of your wildest fall daydreams: a caramel pumpkin spice latte.
Not just a PSL with caramel sauce drizzled over the whipped cream, but a mashup between caramel and pumpkin spice lattes.
The flavors are so complementary to one another. The candy-like caramel simple syrup (or sauce) meshes with a blend of warm and cozy, cinnamon-forward spices for a homemade specialty latte you can easily customize how you like it.
I modeled this pumpkin syrup after my maple pumpkin spice syrup, with some tweaks. Here I replaced the maple syrup with granulated sugar and maple extract with vanilla as to not add so many competing flavors, and slightly reduced the cinnamon and ginger to not overwhelm the caramel. Same method and equally delicious results.
What You'll Need
Below is an overview, with all specifics in the recipe card at the bottom of this post. One's missing here: milk, of course! Varieties with some fat, like whole milk, will froth the best, while non-dairy milks, like oat milk, land more on the steamed milk side. I've used oat milk here, but choose your favorite.

Pumpkin puree: Make sure this isn't canned pumpkin pie filling. And don't worry about any graininess in the finished syrup as everything can be strained.
Sugars: A blend of granulated and brown (light or dark is fine) for the warm and cozy vibes. I use less sugar here than the standard 1:1 sugar and water simple syrup ratio so that you can add enough syrup for a bolder flavor if you like without making it too sweet.
Pumpkin pie spices: Cinnamon, ginger, nutmeg, and cloves. This can be replaced by your favorite pre-made pumpkin pie spice blend. And add a small pinch of cardamom for an extra fancy vibe if you feel so compelled.
Caramel syrup: This is store-bought, and either caramel simple syrup or caramel sauce can be used. Pictured is a caramel simple syrup, but I chat more about the differences below.
Making a Caramel PSL
This method makes the pumpkin spice syrup from scratch, but relies on store-bought caramel syrup or sauce. You'll be able to make quite a few lattes with this amount of pumpkin syrup, but it's freezable so there's no rush to use it all up. Cook once, enjoy all season long.

- Step 1: Heat the pumpkin with the spices, then add sugars and water. Simmer for several minutes, then whisk in the vanilla extract off the heat.

- Step 2: Strain the syrup. This is optional but provides the smoothest texture.

- Step 3: Add one tablespoon each of the caramel syrup and pumpkin syrup to a mug, then pour in two shots of brewed espresso.

- Step 4: Froth or steam milk, pour over top, and stir. Top with whipped cream and a caramel drizzle for a real treat.
Caramel Syrup vs. Caramel Sauce
I've made this latte both ways and to probably no surprise, thought they both were good. While the ingredients and flavor are a little different, you can use the same amount of either, just adjust to taste. The sauce may require additional stirring to liquefy.
Caramel-flavored coffee syrup - this is a liquid-y simple syrup of water, sugar, and flavoring. It's often dairy-free and doesn't require refrigeration, making it a great coffee bar addition. The one I bought and use here is from Monin and like that it has a very caramel confectionery/buttery candy-like flavor.
Caramel sauce - the golden-colored drizzle adorning whipped cream in caramel coffee drinks. Store-bought options, like the squeeze bottles of Ghirardelli caramel sauce, Hershey's caramel flavored syrup, or Smucker's Sundae Syrup, usually include dairy ingredients and need to be refrigerated.

Freeze Pumpkin Spice Syrup
Measure out cooled pumpkin syrup into ice cube trays, then cover and freeze (the blocks won't become rock solid frozen because of the sugar content). Scoop out a serving into a coffee mug and microwave for 15 seconds for future lattes in a flash.
Tips and Tricks
- Start small and adjust to taste. Everyone has different preferences when it comes to coffee, from sweetness to milkiness to strength and beyond. It's easier to add smaller amounts of syrup and bump them up as you need than to fiddle around with more coffee/milk if you come in too hot from the start.
- No frothing machine/wand? Heat milk over low heat in a small saucepan until it becomes just bubbly around the edges (don't let it boil). Then carefully blend it until frothy, whisk vigorously, or shake in a heat-safe jar.
- Caffeine, in moderation. I love a latte in the afternoon, but I'm not always up for two shots worth of caffeine. When using a Nespresso machine, I'll do one capsule regular and one decaf - easy as that.
More Homemade Lattes

Did you enjoy this recipe? I’d love for you to leave a star rating and a comment review in the recipe card below!

Caramel Pumpkin Spice Latte
Ingredients
Pumpkin Syrup (yields 8-10 drinks)
- ¼ cup pumpkin puree
- 1 ½ teaspoons ground cinnamon
- ¼ teaspoon ground ginger
- ⅛ teaspoon ground cloves
- ⅛ teaspoon ground nutmeg
- ¼ cup granulated sugar
- ¼ cup packed brown sugar
- ¾ cup water
- 1 teaspoon vanilla extract
Caramel Pumpkin Spice Latte (for one)
- 1 Tablespoon pumpkin syrup more to taste
- 1 Tablespoon caramel syrup or sauce (see note), more to taste
- 2 shots hot espresso
- ½ cup frothed/steamed milk more if desired
- Whipped cream for serving
- Caramel sauce drizzle for serving
Instructions
For the Syrup
- Add pumpkin puree and spices (cinnamon, ginger, cloves, and nutmeg) to a small saucepan set over medium-low heat. Whisk to combine (it'll be a thick consistency) and stir it around often while cooking for 3 minutes.
- Add the granulated and brown sugars and the water. Adjust the heat so that everything comes to a simmer (not a boil), stirring/whisking as the sugar dissolves. Simmer for 5 minutes before removing the pan from the heat, then stir in the vanilla extract.
- Let the pumpkin syrup cool for several minutes before straining through a fine mesh sieve (you may need to help it along with a spoon). Once cooled, store in an air-tight container in the refrigerator for up to 7 days, though see freezing instructions below.
For a Latte
- To start, add one tablespoon of pumpkin spice syrup and one tablespoon of caramel syrup/sauce to a coffee mug. Pour in hot brewed espresso and stir.
- Use a frothing wand or a machine like an aeroccino to froth or steam milk in your preferred manner. If you don't have frothing tools, heat milk in a small saucepan on the stove over low heat, until bubbles are popping up around the edges of the pan. Carefully transfer to a blender to froth, shake in a heat-safe jar, or whisk vigorously.
- Pour frothed/steamed milk into the mug and stir. Sip and see if you'd like a little more of one syrup or the other. Top with whipped cream and a caramel drizzle to serve.
Notes
Nutrition
Nutritional information is provided as an estimate. As it can vary due to many factors (brands used, quantities, etc.), we cannot guarantee its accuracy.
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