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This article was first published in The Conversation. Even in a stubborn cost-of-living crisis, it seems there’s one luxury most Australia ns won’t sacrifice – their daily cup of coffee. Coffee sales have largely remained stable, even as financial pressures have bitten over the past few years. So too have prices. Though many of us became upset when prices began to creep up last year, they’ve since largely settled in the range between $4.00 and $5.50 for a basic drink.
But serious drought in Vietnam has just pushed the price of robusta to an all-time high, putting pressure on the cost of coffee more broadly. 2. Milk prices The price of fresh milk has risen by more than 20% over the past two years, and remains at a peak. This has put sustained cost pressure on the production of our most popular drink orders: cappuccinos and flat whites. 3.
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