The price of coffee continues to rise

September 25, 2012, 12:54 pm Nicola Heath Yahoo!7

Caffeine-loving consumers can expect little relief from ongoing hikes in retail coffee prices.

The price of coffee continues to rise
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Read more from the Café Culture blog

Caffeine addicts beware: the price of coffee is going up.

A survey in the UK has found that supermarket coffee prices have risen on average 20 per cent in the last two years.

Coffee isn't getting any cheaper in Australia either. According to the Gilkatho Cappuccino Price Index, the average price for a cup of coffee has risen from $3.20 in 2010 to $3.47 in 2012.

Coffee drinkers in Perth are being hit the hardest by coffee price rises, with the average price of a cappuccino in the WA capital jumping 12 cents in the first two quarters of 2012 to a hefty $3.87.

Surprisingly, it isn't the price of green beans (which has declined since hitting record highs 12 months ago) that is pushing up prices.

Wayne Fowler, from Gilkatho, explains that increased prices reflect in part the cost of doing business in Australia.

"The labour law changes of the past few years mean it is more expensive to engage professional staff," says Fowler. "Competition to employ those same staff also increases prices."

You can also thank the increasing cost of electricity, rent and shop fittings for pushing the price of a cappuccino closer towards the $4 mark.

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