Coffee prices could indicate broader inflation trend
As reported in The Wall Street Journal, coffee was one of the hottest commodities earlier this year, but it has now gone cold, with prices declining more than 20% in the past month.
Wet weather in farming areas such as Brazil and Indonesia is raising the prospect of a good crop and bigger coffee supply, sending prices down. At the same time, a strong dollar this year has pressured prices of many commodities.
What could that mean for the wider economic picture?
