Coffee Inflation Soars

It's only getting worse.

Arabica coffee futures are trading at new highs, pushing past a record set in April 1977.

Coffee Prices Break 47-Year Old Record


The higher prices are said to be mostly a product of financial speculation. Coffee beans are not in harvesting season yet so investors can't know the realities surrounding their concerns about the crops.
 
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Looking at the coffee chart going back to the early 80's, the range is wide but the price fluctuations have been fairly consistent over the years - between 0.50 and 3.00. Why is it $6 for a cup of coffee today and it was about a quarter in the 80's?

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I pay $3.25 for a tea bag and a pot of hot water at Bob Evens. Twice and I can buy a box of 100 at the grocery store.
 
Looking at the coffee chart going back to the early 80's, the range is wide but the price fluctuations have been fairly consistent over the years - between 0.50 and 3.00. Why is it $6 for a cup of coffee today and it was about a quarter in the 80's?

tsp-121124a.gif
Guess it's time for me to go back to cigarettes until it comes back down?
 
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