“Coffee futures are currently trading for $2.06 per pound and the average grocery store sells a 11.30 oz container of Folgers Ground Classic Roast Coffee for $3.99. In April of 1977, coffee reached a high of $3.38 per pound, which based on the CPI is $12.29 per pound in today’s dollars. Based on the way NIA calculates real price inflation, by eliminating geometric weighting and hedonics, coffee’s real inflation adjusted high in April of 1977 was $40.08 per pound. NIA expects coffee to reach new inflation adjusted highs this decade and if so, the average price for a 11.30 oz container of Folgers Ground Classic Roast Coffee in your grocery store will likely rise to around $77.71.” NIA Projects Future U.S. Food Prices
I don’t want to believe this recent information from the National Inflation Association (NIA). I can say that it is good to know what could happen. The current price for a 33.9 oz container of the red can is currently advertized for $8.48 in our local Wal-Mart. If the statement above is true this same container could cost up to $233.13. That’s unthinkable. We’ll do our best to give you the best coffee for the best price available. We'll keep watching!
Update 12/25
Coffee prices have continued an upward trend, and the market has generally been quiet about it. Prices have increased around .15 - .20 since the last post. Overall there has been over 60% increase in prices over the past 4 months. We do know that Kraft and Smuckers will be increasing their prices so we'll keep watching. Send us pictures of coffee prices in your area.