It’s not the coffee that costs 7$ it’s mostly the building that coffee shop is in. Rent it’s the largest cost component.
aka - should inflation just go forever. "Eating out" is just ridiculous these days. I favour hole in the wall type places where its an honest meal - and prices make sense...when i go to a pub - and my friends pay $20+ for a damn burger , and sometimes it doesnt come wih fries - i just think "damn a sucker is born every minute".
This article isn't about inflation. This is about how global supply issues have pushed up the cost of coffee beans, while many NZ cafes are absorbing it by pricing lower than it "should" be based on cost.
The inflation is crazy.
The article isn't saying that coffee in NZ costs $7, it's asking if it ought to given that many costs in producing it have gone up, while cafes keep pricing it less than what consumers could expect to pay if those costs were passed on to them.
I find the article short on details necessary to make any judgement. The cost of coffee beans themselves were typically not a major cost of providing a coffee at a cafe, so double the cost naturally doesn't mean double the price.
Huh? The article was actually really well researched. You find there what you bring to it, I guess.