Price of coffee about to jump again
Prices have been rising steadily over the past four or five years but these rises have accelerated since May of last year. Coffee roasters are passing some of the cost on to consumers. Last fall, Starbucks said it was raising the price of large and labor-intensive drinks to offset the cost of coffee beans.
Meanwhile, the price of packaged Dunkin’ Donuts and Folgers coffee products sold in retail outlets rose by 10 percent this month. And with coffee prices hitting a 14-year high and rising more than 100 percent in the past 12 months, more hikes could be on the horizon.
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