Coffee Bean also raises prices from the 8th... Americano and others up by 100 won each

A banner on the Coffee Bean Korea website on the 3rd announcing a price increase for beverages. Photo by Asia Economy DB

[Asia Economy Reporter Moon Hyewon] Amid a series of price hikes by domestic coffee franchises, Coffee Bean has also decided to raise coffee prices by 100 won starting from the 8th of this month.

According to the industry on the 3rd, Coffee Bean Korea announced on its website that "despite significant increases in various costs including rent, labor, and coffee bean prices over the years, prices have been frozen for about four years since 2018, but it has become inevitable to raise prices from the 8th," and asked for understanding as "the prices of currently sold coffee menu beverages will be increased by the minimum amount of 100 won."

Accordingly, based on the small size, the price of an Americano will rise from 4,800 won to 4,900 won, and a Cafe Latte from 5,300 won to 5,400 won. The price of a Cappuccino will increase from 5,300 won to 5,400 won for the single size.

Earlier, Starbucks Korea, the number one coffee specialty store, raised prices of 46 beverage items including Cafe Americano and Cafe Latte by 100 to 400 won starting from the 13th of last month.

On the 27th of last month, Twosome Place raised prices of 21 beverages including Americano among 54 coffee and beverage menu items by 100 to 400 won, and Hollys increased coffee prices by 400 won and non-coffee beverages by 100 to 200 won.

Tom N Toms raised prices of 31 beverages and 13 bakery and dessert products by up to 800 won. For example, the price of Americano in tall, grande, and venti sizes increased from 4,100 won to 4,400 won, a 300 won increase.

This content was produced with the assistance of AI translation services.