Australia’s beloved morning coffee is facing a potential price hike, threatening to alter the daily ritual for many. Wes Lambert, CEO of the Australian Restaurant and Cafe Association, indicated that rising costs are putting a strain on cafes nationwide, with some coffee bean prices soaring by 50%. By year’s end, a cup of coffee could range from $8 to $12, prompting local cafes to increase prices to remain viable. This pressure is not solely due to bean prices; rising costs related to packaging, wages, and rent also contribute.
For those seeking budget-friendly caffeine alternatives, service stations like 7-Eleven are offering large coffees for around $3, presenting a stark contrast to cafe prices. However, cafe owners argue that their prices reflect more than just the drink itself, encompassing the overall experience and quality they provide.
Moreover, the cost of alcohol is expected to increase next month with a rise in the alcohol excise tax, potentially pushing a pint to $15. Independent brewers warn that this hike could threaten their survival. The Coalition is open to discussing potential measures to mitigate these cost-of-living impacts, although any adjustments may lead to cuts in other areas of government funding.