Costa Coffee Raises Prices on Breakfast: How Much Does the Set Cost Now.
Costa Coffee Raises Prices on Popular Breakfast Bundle Bap
According to The Sun: Costa Coffee has come under fire for unexpected price hikes on its popular Breakfast Bundle Bap by 50 pence, which will certainly affect latte lovers.
This 8% increase has made the offering, which includes a bacon sandwich and coffee, more expensive - now it costs £6.49 instead of £5.99.
AFP or licensorsThe changes were made quietly back in May, without an official announcement, but have been noted by price change watchers.
Remember, in 2022 this same package, once known as 'bacon and coffee lunch', cost just a little over £5 depending on the coffee choice.
42-year-old Martina Bailey, a regular customer from Buxted in Derbyshire, expressed her disappointment over the price hike.
“It seems like every time you walk down the street, one thing after another gets more expensive,”
- she said. “I used to love treating myself to Costa's Breakfast Bap offer, but now it looks like I won’t get much change from a tenner.”
This price hike came just two months after Costa Coffee's owners, Coca-Cola, announced plans to sell the cafe chain for a reduced price of £2 billion.
The American beverage manufacturer had high hopes for the Costa brand after purchasing it for £3.9 billion from Whitbread in 2018, but since then the chain has struggled with rising costs and competition.
In June, it was revealed that Costa had raised coffee prices by 15 pence, with the most affected outlets being in hospitals, where a 'sick pay' surcharge of 20 pence was introduced just four months after a previous increase.
This way, coffee fans who work in hospitals or are there may pay over £4 for their favorite drink.
In March last year, there were reports of an unnoticed price hike of 5 pence on coffee from machines, which made some drinks cost nearly £4.
This price increase occurred just 18 months after a previous increase of 18%.
What Experts and Critics Say
Costa is not the only cafe struggling due to rising costs.
Last week, Greggs announced a new round of price hikes, increasing the cost of its three-item breakfast by 20 pence, from £3.95 to £4.15.
The bakery's CEO, Roisin Curry, blames the price increase on wage hikes being factored into prices.
“This is not the only meal in the offer that has recently gotten more expensive, as food inflation means even offers created to attract customers are becoming costlier,”
- noted Sara Coles, head of personal finance at Hargreaves Lansdown. 'Costa is facing a double whammy from rising wages and rising costs.'
“This big price hike means people will be choosing hunger over paying steep prices at Costa,”
- added Martin James, an independent consumer activist.
Costa Coffee commented on the situation:
“Like all retailers, we are facing unprecedented inflationary pressures that have led to cost increases. Earlier this year, we made a small adjustment to the price of our Breakfast Bundle Bap in most of our stores, raising the price by 50 pence from £5.99 to £6.49.”
“We remain committed to providing excellent value and tasty breakfasts for our customers, as well as continuing to offer lunch and afternoon propositions.”
The situation with Costa Coffee's price increase could signal a broader trend in the coffee and food markets where inflationary pressures are forcing companies to adjust their prices. Amid rising competition among cafes, consumers may rethink their spending and look for alternatives, while producers will continue to seek ways to stabilize their business in the changing economic conditions.
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