Coffee Prices Hit 34-Year High [Headlines]
A drop in the supply of high-grade Arabica coffee beans and increasing demand worldwide have driven prices higher.
Coffee prices are creeping up – a pound is now at $3.00. CBS reports:
At Metropolis in Chicago’s Edgewater neighborhood, the price of a pound of coffee is up by 45 cents. And they’ve raised the cost of a cup by 10 cents across the board.