Railing in opposition to value of espresso as costs soar

Oct 28, 2023 at 6:44 PM
Railing in opposition to value of espresso as costs soar

Caffe Nero has ratcheted up the price of a big latte from £3.30 final summer season to £3.80 at present. Large cappuccinos are additionally up 50p, from its Manchester Piccadilly department.

Meanwhile, Costa says “increasing costs” are behind its worth hikes. Last yr a big latte or cappuccino was £3.85 at its West-minster Underground station in London, however this yr the identical drink prices £4.15.

A big Americano has gone up from £3.35 to £3.60 and a flat white from £3.30 to £3.55.

Costa mentioned: “Like all retailers, we continue to face increasing costs and have had to make the difficult decision to raise the prices of our drinks.

The changes depend on the product and location – such as rail stations where operating costs are significantly higher.” The largest improve we discovered at Costa was a big mocha, which has soared from £4 to £4.35 in simply over 12 months.

Susannah Streeter, from Hargreaves Lans-down, mentioned: “We’ve seen scorching rises in the price of already pricey cups of coffee over the past year.

£4 certainly seems a lot to pay, but companies have faced price hikes in operational costs. Wages bills have been shooting up and they’re paying more for ingredients.”

Caffe Nero was contacted for remark.