Coffee Prices Hit Record High amid Brazilian Drought

Coffee Beans

An ongoing drought in Brazil coupled with bad weather in Vietnam has contributed to a significant spike in the price for Arabica and Robusta coffee beans, according to reports.

Arabica beans, now selling for more than $3.44 a pound have increased more than 80% this year, and Robusta beans also hit a high in September, marking a record high for international commodity markets.

Read More

Inflation Ticks Up in New Federal Data

Corn Farm

Newly released federal inflation data shows that the Producer Price Index, a leading marker of inflation, rose last month.

The U.S. Bureau of Labor Statistics released the data, which showed a 0.1 percent increase in July, part of a 2.2 percent increase in the previous 12 months.

Read More