ORLANDO, Fla. – Coffee prices are on the rise once again as prices hit a new 10-year record on Wednesday.
Economists say prices for coffee have more than doubled in the past year, due to supply chain issues and dry weather in Brazil.
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As a result of the rising costs, some companies have been forced to hike prices on canned coffee by as much as 5%.
Last week, Starbucks announced it would be raising prices for the third time in just a matter of months.