The price of coffee at the grocery store has certainly increased lately, and soon you will be noticing a price increase on your cup of coffee from Tim Hortons as well. Tim Hortons is set to increase their coffee prices by an average of 1.5% per cup according to the company.
This is first price hike on coffee in three years at Tim Hortons, and you can expect to pay approximately three cents more per cup on average. The company says that they are still focused on maintaining great value and everyday low prices, pointing out that while this is an increase of 1.5%, cumulative inflation over the three years since their last price increase has been about 7%. The price of coffee has more than doubled from $1.58 to $3.90 US per pound.
