BREAKING NEWS
Your morning cup of coffee is getting cheaper
Copyright 2013 Scripps Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Posted: 06/26/2012
CINCINNATI - If you like to enjoy a hot cup of coffee in the morning, there's a good reason to pour an extra cup in the morning.
Coffee prices are falling. Raw coffee prices hit a 34-year high of $2.31 a pound in April. But since then, prices have been declining.
The price for a pound of coffee now costs $1.58. That's the lowest price since August 2010. As a result, Folgers is cutting its prices for the second time this year.
Analysts say other coffee makers are expected to follow suit.
Copyright 2012 Scripps Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
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