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Saturday 07 December 2024
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CANADA – Tim Hortons hikes coffee prices on higher costs

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As announced last week, coffee prices at Tim Hortons jumped on Wednesday by an average of 10 cents a cup.
Tim Hortons prices vary across regions but generally the current prices are $1.33 for a small, $1.57 for a medium, $1.71 for a large and $1.90 for an extra-large.

“We have been able to hold our pricing stable since spring of 2011, however due to rising operational costs there will be a moderate increase,” spokeswoman Michelle Robichaud said in an email.

Earlier this month, Tim Hortons’ chief financial officer, Cynthia Devine, hinted that a coffee price increase could be on the horizon as futures contracts for Arabica beans nearly doubled this year due to various factors, including lack of rain in Brazil.

Breakfast sandwiches will also see a price hike — everywhere except Ontario. Those prices will rise by 10 cents in every other province to $2.99 before tax.

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