Coffee is one thing, but the real crime is bags of chips >$5. At least a good cup had some effort put into it.
Coffee ☕
A place to discuss all things coffee, from an Australian perspective.
While that is irritating, but I simply don't buy them at $5. That's on us. If we didn't buy chips at that price, they'd drop the price again. They're a luxury good that I can completely go without them and not really miss them.
Coffee is different - thousands of places have independently raised prices. I believe their increases are actually necessary. Cafe workers are getting paid more, and if it turns out my extra 50c a day is mostly going to them, I'll actually be fine with that.
You could argue (rightly) that my coffee is also a luxury, but if I dropped it from my day, it would make a difference to me.
With average inflation, prices should double every 20 years. Coffees were $5 20-years-ago and probably rightly considered expensive and a lucrative business. If they’d kept up with inflation they’d be $10 by now. If they’d kept up with housing they’d be $25+.
There was https://www.bloomberg.com/news/articles/2023-05-14/coffee-shortage-drives-up-cost-of-even-the-cheapest-cup (top result of Google query after:2023-1-1 coffee beans shortage)
Got no way to verify the ground realities.
Looked similar to chilli shortage reported by SriRacha https://www.google.com/search?q=after%3A2023-1-1+chilli+shortage+sriracha
For all we know, could be another price jacking and/or shrinkflation
Ladle+ Press in Brookfield Place, Perth (Ground floor of the BHP Building) put their prices up last week. If you bring your own cup, they're sitting at about $5 for a coffee.