Coffee prices at 7-Eleven are set to double as the chain struggles to keep up with inflation in Australia.
The coffee price increase is the latest in a series of cost-of-living hikes that have hit Australians hard, with food and fuel prices already on the rise.
As of Tuesday, October 4, a regular $1 cup of coffee at the service station will become $2, while large coffees increase to $3 and super cups to $3.50.
The prices for Slurpees will also change, a small will now be $1.00, a large will be $1.50, a super will be $2.50, and a mega will cost as much as $4.50.
Other popular items such as iced coffees and ice cream coffee melts will also be hit by price hikes, with a $3 price rise along with the store’s hot chocolates.
The move comes as the company tries to keep up with inflation and the rising operational costs.
With the price of 7-Eleven coffee doubling, many Australians are wondering how they will be able to afford their morning caffeine fix. For some, this will mean cutting back on other expenses in order to make room in their budget for coffee.
Notably, the increase in coffee’s price is the first in over a decade, as the regular-sized coffee remained at $1 since 2009.
Angus McKay, 7-Eleven CEO and managing director, said the rising costs of coffee products were a problem for the company.
“Although this is the first price change in more than a decade, a single $2 gold coin for a regular coffee remains among the best value offers in the industry,” Mr McKay told NCA NewsWire on Monday.
The 7-Eleven coffee price hike is a sign of things to come. As inflation continues to rise, we can expect to see more price increases on the things we use every day.
The coffee price increase is just one example of how inflation is starting to bite in Australia.
Australians are being warned to start preparing now for the impact of inflation, as it is set to have a significant impact on the standard of living
