Have you noticed that you overpay for your morning coffee?
If your morning cup of coffee has left a sour taste in your mouth lately, it’s probably not the beans, but the price tag that’s causing you to taste bitter. Key points: Coffee sellers say coffee prices have gone up 20-30 percent in the last 12 months The average price of a medium, basic coffee is around $5 nationwide Coffee industry warns it may take 12 to 18 months before prices drop again Prices for flat whites – and cafe-made coffees – have been forced up not only by international shipping and wages, but also by unexpected costs such as the wholesale price of caramel syrup. What is the average price of coffee now? Daniel Mejia of Colombia Coffee Co owns several cafes and is a wholesaler of coffee beans on Queensland’s Sunshine Coast. He says people should pay between $4.50 and $5.50 for an average 250ml (8oz) of coffee without fancy milk or espresso additions. “When you pay $5.50 for an eight-ounce coffee, then the expectation you have to have as a customer is that it’s going to be