Money blog: 'We have never seen such a spike': Popular coffee brand issues price warning

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Yesterday it was the cost of tea that was on the rise, now it seems coffee isn't safe from imminent price hikes either... Caffeine lovers have been warned that the price of a cup of coffee could keep increasing for at least another year. Industry giant Lavazza said 'very challenging headwinds' meant UK prices will not drop until the middle of 2025 at the earliest.

For consumers, this has meant the price of a 1kg bag of beans has already risen by 15% in a year. Mr Lavazza said this could increase by 20% to 25% over the next 12 months.Meanwhile, a flat white at the firm's flagship cafe in London now costs £3.50 to take away or £5.50 to have in.'We have faced very, very strong headwinds. I don't see any reason why coffee prices will go down,' Mr Lavazza added. The UK retail coffee market is worth £1.3bn, growing by 3.

 

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