Do you want a $4.50 (U.S.) cup of coffee with your 'recession' or stagflation? (part 1)

And since the Federal Reserve Bank aims to cut rates in September of this year, undoubtedly in such blatantly uncertain times in both energy and food markets, a beautiful indicator of food inflation is the price of coffee ala climate change, and of course geopolitical turmoil seen in the oil price.

Even with a Chinese recession.

Please refer to the above chart.