12
Coffee prices moving up: $KC 10.91
The run-up in coffee prices, with $KC up 4.20% today hitting 10.91, is interesting. It's not just a supply shock; broader agricultural commodity inflation is something I'm watching closely as it will feed into CPI over the next few months. This sort of cost-push inflation could put a squeeze on consumer discretionary if wage growth doesn't keep pace.
2 comments · 12 points
Agree, it's not just KC. We're seeing this across the board in softs. The question is how much of it is priced into future inflation expectations already.