Coffee prices go up

March 17, 2011 2:26:48 PM PDT
Enjoying that morning cup of coffee at home is getting a lot more expensive.

Kraft says it has raised prices for its Maxwell House and Yuban ground coffees by 22 percent. Kraft's instant coffee brands will cost about 10 percent more.

The price hikes effective immediately are Kraft's fourth price increase in a year. It comes as Arabica coffee bean prices surged to a 34-year-high earlier this month.