Why’s my coffee so expensive?
Marketplace
Marketplace
4.6 • 8.5K Ratings
🗓️ 27 May 2024
⏱️ 29 minutes
🧾️ Download transcript
Summary
Nearly two-thirds of Americans drink coffee every day, according to the National Coffee Association. If you’re part of that 63%, you may have noticed coffee getting more expensive. Some of it has to do with the cost of the raw crop, which is at a 45-year high, partly due to climate change reducing yields. And it doesn’t help that global demand is growing. Also in this episode: Mexico City is in a water crisis, Zoom cashiers usher in a new wave of digital offshoring and machinery and other things-that-make-things purchases were up last month.
Transcript
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| 0:37.0 | 22. |
| 0:40.0 | Coming up on the show today, a bright spot for manufacturing, |
| 0:44.8 | why your morning coffee is getting more expensive, |
| 0:48.0 | and the rise of the Zoom cashier? |
| 0:51.6 | From American public media. This is Marketplace. |
| 0:57.0 | In Baltimore, I'm Amy Scott in for Ky Rizdahl. It's Monday, May 27th. |
| 1:09.2 | Good to have you with us. |
| 1:10.9 | We're going to start today with some economic news you might have missed going |
| 1:14.0 | into the Memorial Day weekend a sign of a rebound in US manufacturing. The |
| 1:19.9 | Commerce Department said Friday that new orders for durable goods |
| 1:24.0 | rose 7 tenths of a percent in April from the month before. That's the third |
| 1:29.0 | increase in a row and one particular line item caught our attention what's known as core capital |
| 1:35.2 | goods. Those orders were up three-tenths percent month to month. Economists like to look at this |
| 1:40.2 | measure as an indication of what businesses are planning to produce in the future. |
| 1:45.2 | Marketplace's Stephanie Hughes has more. |
| 1:48.0 | Core capital goods are things that help businesses produce more things. |
| 1:52.0 | Not only were new orders for these up for the month, |
| 1:54.1 | says Bank of America economist Stephen Juno, they were also up 1.2% year over year. |
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