Invest in Columbia Coffee!
Not having a car, I generally pay little attention to fluctuations in the price of oil. Nevertheless, if you're interested in making investments to offset the rising price of oil, one might look for a way to invest in the coffee served in the Columbia coffee bar.
Way back when I was a 1L, a small cup of coffee cost a little over a dollar. (About $1.10 with tax, as I recall.) They've kept jacking up the prices over the past two years, to the point where now the same cup--think a "tall" at Starbucks--costs $1.40, or $1.52 with tax. After this most recent price increase, I almost expect to catch a mention of the Lenfest Cafe in Alan Greenspan's next inflation report.
But maybe not. The price of coffee at Hamilton's Deli or the coffee vendor outside remains the same. This is very localized inflation.
Comments
Posted by: Alison | September 13, 2005 4:32 PM