Orange juice is the latest item to succumb to higher prices at the grocery store, with futures on the commodity good reaching an all-time high this week. Future prices have been steadily rising over the past few months, hitting a record high of $3.69 per pound Tuesday morning. That number is up 13% month to date and almost 78% year to date.
With the price hike, the juice joins other major grocery store items facing high prices even as inflation slows, including raw sugar and cocoa.
Source: cnbc.com