TAMPA, Fla. - Coffee roaster Dave Ward says he's never seen prices rise so high so fast. He's paying 50% higher, or about a dollar more for a single pound of beans than he was just a few months ago. “Every time I purchase coffee, I am like,'Oh my gosh, I can't even believe the price and where it is at'.”
Buddy Brew Coffee says it is holding off for now, but many other retailers have already passed the increase in cost on to customers.
“We last week saw a 20 cents rise in the commodity price, 20 cents on $1.88,” says Ward.
It’s not just coffee. According to ABC News, the price of Sara Lee's bread and deli meat is also rising and in the coming months General Mills is expected to charge more for some of its cereals and baked goods. All of the companies blame the higher cost of the raw materials that go into the finished product. Regardless of the reason, it all translates into the same painful experience at the register.
“I have received multiple e-mails from some of my readers regarding the increased price of coffee.” Kati Keifer, the founder of the popular coupon blog, True Couponing, says consumers can continue to buy these items and actually save money. “Right now is a great time to start using coupons.”
The True Couponing formula coaches consumers to stock up on staples, but only when they can combine coupons with store sales and buy one get one free deals in order to get the very lowest price.
“Right now if you start by shopping the sale ads, then you add in a coupon or two and your savings increase drastically. Plus when you purchase items at the low price using the coupon and getting it on sale you can actually stock pile to last until it goes on sale again,” Katie says.
So while you can do little about the sky rocketing price of coffee, you can take action to score the lowest price in town. True Couponing can show you all the ins and outs of their coupon system and their work shop and website use is free. Just go to truecouponing.com
Copyright 2010 Scripps Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Top Money Headlines
Hillsborough County Commissioners today took the next step toward regulating an industry investigators say is shot through with fraud. The move follows an ongoing I Team investigation.