Inflation is coming for your cup of coffee next
CNN
Not even coffee is immune to the powerful forces of extreme weather and inflation.
Coffee futures climbed on Thursday to the highest level since January 2012. It's just the latest spike for a commodity that has seen its value surge more than 80% so far this year.
Unfortunately, this means coffee drinkers will be paying higher prices at grocery stores and coffee shops in the coming months. And that will only add to the inflationary pressures currently causing anxiety for millions of Americans.
Millions of Americans have taken to the skies, hit the road, fired up the barbecue grill and jumped into the pool this weekend to celebrate the start of summer 2024. Analysts are expecting the Memorial Day weekend to usher in yet another summer of strong consumer spending on travel and other leisure activities.