I just read that prices are expected to go up on coffee and bacon - and some other non-food items.
The price of pork bellies, from which bacon is cut, jumped to an all-time high of $1.42 a pound, soaring more than 200 percent from a year ago, according to a CNN Money report. Retail prices are up nearly 16 percent over the past few months, from about $3.64 per pound in April to $4.21 in July, according to the Department of Agriculture.
The price of coffee futures recently hit a 13-year high, which drove up the price of a cup of Joe at places like Starbucks. Blame bad weather in South America and low U.S. stockpiles of coffee beans.
Coffee from Folgers, Dunkin' Donuts and Millstone already costs an average of 9 percent more. Kraft Foods raised prices on Maxwell House Coffee and Yuban coffee products by about 9 percent in September, translating into a price hike of 5 to 30 cents per pound of ground coffee and an increase of 2.5 cents per ounce for instant coffee.
And prices on single-serve K-cups -- sold as Tully's Coffee, Timothy's Coffee, Newman's Own Organics, Caribou Coffee and other Green Mountain Coffee brands -- will rise 10 percent to 15 percent, starting Oct. 11.
The price of pork bellies, from which bacon is cut, jumped to an all-time high of $1.42 a pound, soaring more than 200 percent from a year ago, according to a CNN Money report. Retail prices are up nearly 16 percent over the past few months, from about $3.64 per pound in April to $4.21 in July, according to the Department of Agriculture.
The price of coffee futures recently hit a 13-year high, which drove up the price of a cup of Joe at places like Starbucks. Blame bad weather in South America and low U.S. stockpiles of coffee beans.
Coffee from Folgers, Dunkin' Donuts and Millstone already costs an average of 9 percent more. Kraft Foods raised prices on Maxwell House Coffee and Yuban coffee products by about 9 percent in September, translating into a price hike of 5 to 30 cents per pound of ground coffee and an increase of 2.5 cents per ounce for instant coffee.
And prices on single-serve K-cups -- sold as Tully's Coffee, Timothy's Coffee, Newman's Own Organics, Caribou Coffee and other Green Mountain Coffee brands -- will rise 10 percent to 15 percent, starting Oct. 11.
Erin
Mom to three wonderful 7th graders!
The time is flying by.
Mom to three wonderful 7th graders!
The time is flying by.