Coffee prices skyrocket

Coffee prices skyrocket

Wholesale costs of robusta beans are at their highest in nearly 12 years, according to Bloomberg

Coffee lovers around the world could struggle to find a budget-friendly cup of their favorite drink as the cost-of-living crisis and tighter supplies have pushed up prices, Bloomberg has reported.

According to the outlet, last week wholesale prices hit their highest level in nearly 12 years. Costs even soared for the robusta blend, which is typically less expensive because it is easier to produce in large quantities. Robusta is often used in instant coffee, espressos, and ground blends sold at supermarkets as a cheaper…