GLENVIEW, IL -- Kraft Foods upped the U.S. list prices for most of its Maxwell House and Yuban coffees by 22% last week, marking the biggest of four hikes in the past year to absorb skyrocketing green coffee costs.
The increase follows a 10% increase in February by rival J.M. Smucker Co. on its Folgers and Dunkin' Donuts coffees.
Starbucks also raised its price for grocery-packaged coffee by 12% last week for Starbucks and Seattle's Best Coffee brands, the first increase on its retail coffee since March 2008.
