The Coffee Bum

Smuckers has announced an 11% increase for some of its brands including Folgers, its largest increase in a year. This on the heals of Kraft Foods increasing the price of their Maxwell House brand 22% in March.

Now I know what you are thinking, “I don’t drink that Folgers crap..! This won’t affect me.”

Really, think again. These are considered “the cheaper” brands of coffee. If the costs of these products are going up what do you think will happen to Peet’s, Seattle’s Best, and Starbucks or your favorite artisan brand?

(Source: reuters.com)