kinther@lemmy.world to World News@lemmy.worldEnglish · 11 hours agoGlobal coffee trade grinding to a halt, hit hard by brutal price hikeswww.reuters.comexternal-linkmessage-square27fedilinkarrow-up1140arrow-down11
arrow-up1139arrow-down1external-linkGlobal coffee trade grinding to a halt, hit hard by brutal price hikeswww.reuters.comkinther@lemmy.world to World News@lemmy.worldEnglish · 11 hours agomessage-square27fedilink
minus-squareneon_nova@lemmy.dbzer0.comlinkfedilinkEnglisharrow-up1·5 hours agoMy ground coffee has gone up about 20-30% over the past 2 years. This is just based on memory and not an exact calculation. It’s possible, I’ve misremembered the old price slightly, but either way it has gone up.
minus-squarecommander@lemmings.worldlinkfedilinkEnglisharrow-up1arrow-down2·55 minutes agoThe cost of pretty much everything has gone up that much in that time. As it turns out, more money in the hands of consumers tends to translate to higher prices. It’s almost like, and hear me out, it’s almost like businesses charge what people are willing to pay, not what goods cost to produce.
My ground coffee has gone up about 20-30% over the past 2 years. This is just based on memory and not an exact calculation. It’s possible, I’ve misremembered the old price slightly, but either way it has gone up.
The cost of pretty much everything has gone up that much in that time.
As it turns out, more money in the hands of consumers tends to translate to higher prices.
It’s almost like, and hear me out, it’s almost like businesses charge what people are willing to pay, not what goods cost to produce.