{"id":1693,"date":"2024-09-16T08:20:56","date_gmt":"2024-09-16T07:20:56","guid":{"rendered":"https:\/\/www.redstareducation.co.uk\/blog\/?p=1693"},"modified":"2024-09-15T15:30:46","modified_gmt":"2024-09-15T14:30:46","slug":"coffee-prices-rising","status":"publish","type":"post","link":"https:\/\/www.redstareducation.co.uk\/blog\/coffee-prices-rising\/","title":{"rendered":"Coffee Prices Rising"},"content":{"rendered":"<p style=\"font-weight: 400;\">The price of coffee is on the rise, but why is this happening?<\/p>\n<h2 style=\"font-weight: 400;\">How Much Coffee Does the UK Drink?<\/h2>\n<p style=\"font-weight: 400;\">According to the <a href=\"https:\/\/britishcoffeeassociation.org\/coffee-consumption\/\">British Coffee Association,<\/a> we now drink approximately 98 million cups per day, working out at an annual coffee consumption per person of around <a href=\"https:\/\/balancecoffee.co.uk\/blogs\/blog\/coffee-consumption-statistics-uk#:~:text=Average%20Coffee%20Consumption%20Per%20Person,average%20per%20person%20per%20week.\">528 cups<\/a>.<\/p>\n<h2 style=\"font-weight: 400;\">Why is it Becoming More Expensive?<\/h2>\n<p style=\"font-weight: 400;\">At the end of the day, those selling coffee are doing so to make money; they\u2019re businesses like any other. So, if their costs keep rising, it makes sense that the prices do too.<\/p>\n<p style=\"font-weight: 400;\">\u00a0High inflation has been a problem over recent years in the UK, and this has included things like rent going up, and has also led to our minimum wage being increased to try to keep pace.<\/p>\n<p style=\"font-weight: 400;\">These things mean that coffee shops are paying more money for the space they rent and in staffing costs. Additionally, the cost of coffee itself has been increasing globally due to bad weather affecting crop growth, alongside higher shipping and freight costs.<\/p>\n<h2 style=\"font-weight: 400;\">A Global Issue<\/h2>\n<p style=\"font-weight: 400;\">Commodity market analysis <a href=\"https:\/\/www.bbc.co.uk\/news\/articles\/c5y37dvlr70o\">Judy Ganes<\/a> has said that the cost of unroasted beans traded in global markets is now at a \u201chistorically high level\u201d.<\/p>\n<p style=\"font-weight: 400;\">Climate change is a significant factor to rising coffee costs. In 2021, a freak frost meant the loss of coffee crops across Brazil, the world\u2019s largest producer of Arabica beans which are commonly used in barista-coffee.<\/p>\n<p style=\"font-weight: 400;\">This led to buyers turning to countries like Vietnam, who are the main producer of Robusta beans (typically used in instant blends). However Vietnamese farmers then faced their worst drought in nearly a decade, leading to many abandoning the growth of these beans in favour of the durian fruit, which tends to bring more profits.<\/p>\n<p style=\"font-weight: 400;\">\u00a0These factors have led to a constriction in supply, and yet our demand for the drink remains strong\u2026 and if we use basic economic principles of demand and supply, we can see that this leads to prices being pushed up!<\/p>\n<figure id=\"attachment_1695\" aria-describedby=\"caption-attachment-1695\" style=\"width: 390px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" class=\"wp-image-1695 \" src=\"https:\/\/www.redstareducation.co.uk\/blog\/wp-content\/uploads\/Screenshot-2024-09-15-at-15.02.11-e1726410436461-800x585.png\" alt=\"\" width=\"390\" height=\"285\" srcset=\"https:\/\/www.redstareducation.co.uk\/blog\/wp-content\/uploads\/Screenshot-2024-09-15-at-15.02.11-e1726410436461-800x585.png 800w, https:\/\/www.redstareducation.co.uk\/blog\/wp-content\/uploads\/Screenshot-2024-09-15-at-15.02.11-e1726410436461-600x439.png 600w, https:\/\/www.redstareducation.co.uk\/blog\/wp-content\/uploads\/Screenshot-2024-09-15-at-15.02.11-e1726410436461-768x562.png 768w, https:\/\/www.redstareducation.co.uk\/blog\/wp-content\/uploads\/Screenshot-2024-09-15-at-15.02.11-e1726410436461.png 1148w\" sizes=\"(max-width: 390px) 100vw, 390px\" \/><figcaption id=\"caption-attachment-1695\" class=\"wp-caption-text\"><em>&#8211; Graph by Red Star Education<\/em><\/figcaption><\/figure>\n<h2 style=\"font-weight: 400;\">If I Stop Buying Coffee Can I Buy a House?<\/h2>\n<p style=\"font-weight: 400;\">Pointing out this price increase to one of our favourite hot drinks is not to say that by cutting down on your takeaway coffee, you\u2019ll be able to buy a house, even though that\u2019s a message that seems to be being pushed out at the moment.<\/p>\n<p style=\"font-weight: 400;\">In fact, research from <a href=\"https:\/\/therollingbean.co.uk\/millennial-first-time-buyers-coffee-report\/\">The Rolling Bean<\/a> estimated that you would have to forgo coffee for 280 years to save up enough money for a house deposit in central London (based on average spending of \u00a35.50 a week on coffee). You can also see just how many cups of coffee it would take to buy your first home in different cities across the UK:<\/p>\n<p>&nbsp;<\/p>\n<p><img loading=\"lazy\" class=\"aligncenter size-large wp-image-1694\" src=\"https:\/\/www.redstareducation.co.uk\/blog\/wp-content\/uploads\/Screenshot-2024-09-15-at-15.24.27-800x758.png\" alt=\"\" width=\"640\" height=\"606\" srcset=\"https:\/\/www.redstareducation.co.uk\/blog\/wp-content\/uploads\/Screenshot-2024-09-15-at-15.24.27-800x758.png 800w, https:\/\/www.redstareducation.co.uk\/blog\/wp-content\/uploads\/Screenshot-2024-09-15-at-15.24.27-600x569.png 600w, https:\/\/www.redstareducation.co.uk\/blog\/wp-content\/uploads\/Screenshot-2024-09-15-at-15.24.27-768x728.png 768w, https:\/\/www.redstareducation.co.uk\/blog\/wp-content\/uploads\/Screenshot-2024-09-15-at-15.24.27.png 1296w\" sizes=\"(max-width: 640px) 100vw, 640px\" \/><\/p>\n<p>However, the price of coffee is definitely on the rise, and though steering clear from too many takeaway drinks might not buy you a house, it might give you a nice bit of extra money.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The price of coffee is on the rise, but why is this happening? How Much Coffee Does the UK Drink? According to the British Coffee Association, we now drink approximately 98 million cups per day, working out at an annual coffee consumption per person of around 528 cups. Why is it Becoming More Expensive? At [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":1701,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0},"categories":[1],"tags":[1191,1186,1192,1188,43,55,155,840,59,1193,1187,1189,1190],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Coffee Prices Rising - Red Star Education Blog<\/title>\n<meta name=\"description\" content=\"The price of coffee is on the rise, but why is this happening? 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