Despite declining coffee prices, Starbucks ($SBUX) hiking some prices by 1%
Posted: January 4, 2012 Filed under: Agriculture, food | Tags: coffee, iPath Dow Jones - UBS Cotton Total Return Sub-Index ETN, JO, SBUX, Starbucks Leave a commentAlthough agricultural prices have generally decreaed for several months, coffee included, Starbucks (SBUX) announced today that it will hike the prices of some beverages by about 1% in the Northeast and the Sunbelt regions of the U.S. SBUX cites “the prices reflect competition in certain markets and higher costs for coffee, fuel and other commodities.”
Note that Starbucks stock was actually down today while the major indices experienced strong rallies.
For more detail see “Starbucks to raise prices in certain regions”
Starbucks had a great 2011. Did today's news end the coffee run for now?
Source: FreeStockCharts.com
Coffee prices have been sliding for months and ended 2011 down from 2010
2011 in review
Posted: January 2, 2012 Filed under: Uncategorized | Tags: blog stats Leave a commentThe WordPress.com stats helper monkeys prepared a 2011 annual report for this blog.
Here’s an excerpt:
The concert hall at the Syndey Opera House holds 2,700 people. This blog was viewed about 10,000 times in 2011. If it were a concert at Sydney Opera House, it would take about 4 sold-out performances for that many people to see it.
Click here to see the complete report.
Inflation Watch 