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Kraft boosts Maxwell House prices 22%

(Robert Caplin/Bloomberg News)

Kraft Foods Inc. said Thursday that it raised its U.S. list prices for Maxwell House and Yuban ground coffees by 22 percent and its instant coffee by around 10 percent.

The price hikes, which were effective on Wednesday, marked the company’s fourth coffee price hike in a year and came after arabica coffee futures soared to a 34-year high this month. Get the full story »