REDMOND, Washington — Your next cup of coffee is going to cost you dearly.
“We don’t make money on drip coffees anymore because the cost of coffee has gone up so much,” said Andrea Parrish, owner of Victor’s Celtic Café.
Roasted coffee prices haven’t risen as much since 2012. Parrish is already trying to manage these rising costs.
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“We have increased prices by 6% over the past two weeks,” Parrish said. “Everyone takes a hit.”
Frank Curtiss and his wife come to Victor’s once a week. They noticed that their coffee is more expensive.
“If it continues at a pace like this, that will eventually have to be factored in for us,” Curtiss said.
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With rising costs, more and more people are brewing their own coffee to save money.
“They’re buying a really nice machine and buying really good home roasted and brewed coffee,” said Caffé Lusso owner Philip Meech.
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Customers aren’t the only ones feeling the heat. Coffee is becoming more and more expensive for roasters.
“With the current price direction, our monthly average cost could increase by six to eight thousand dollars,” Meech said.
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Roasters try hard not to pass the costs on to their customers. Parrish told FOX Business that Victor is changing things up to generate more revenue.
“Merchandising,” Parrish said. “Uber eats. Uber to go. Local art shows. Have live music. Attract more customers in different ways.”