Kraft raised the prices of its Maxwell House and Yuban coffee brands last week, following J.M. Smucker Co.
The prices on the brands’ roast and ground coffee products increased by about 10 percent on June 6, according to Caroline Krajewski, a spokeswoman for the company.
Smucker, the maker of the best-selling U.S. coffee brand Folgers, said June 3 that it increased coffee prices by an average of 9 percent after bean costs rose.
No inflation here. Simply apply an hedonic adjustment and assume I will substitute an ersatk coffee made from pine bark and any inflation disappears.
ReplyDeleteI fear a similar fate has befallen the goat cheese at Trader Joe's. It's the end of the world :(
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