Coffee bean prices are at a 13 year high

September 8, 2010 5:53:53 AM PDT
Sip your coffee slowly because the cost of that cup of Joe is climbing fast.

Coffee bean prices are at a 13-year high.

A pound of Arabica is going for $1.90 a pound wholesale. That's a 41 percent increase since June.

Folgers and Dunkin Donuts raised the price of their "Grocery Store Joe" by 10 percent this week.

The increase is due to a rough growing season for beans, and an increase in the number of people drinking coffee. Experts say supply has not kept pace with demand.