06-08-2013, 09:50 AM
The consequences of the labour crunch are surfacing, together with rental increases...
Higher rentals push up prices at some coffee joints
SINGAPORE — At least three coffee joints here have recently raised prices, citing rising operational costs, especially rentals.
The move comes as the chain operator of S11 coffeeshops increased its drink prices by 10 cents across all 15 outlets at the start of June.
Ya Kun raised prices by 10 to 20 cents starting July 27, citing escalating operating costs leading to a “juncture whereby a price revision is inevitable”, said a notice posted at storefronts dated June 26.
A cup of coffee at Ya Kun now costs S$1.60 instead of S$1.50.
http://www.todayonline.com/singapore/hig...fee-joints
Higher rentals push up prices at some coffee joints
SINGAPORE — At least three coffee joints here have recently raised prices, citing rising operational costs, especially rentals.
The move comes as the chain operator of S11 coffeeshops increased its drink prices by 10 cents across all 15 outlets at the start of June.
Ya Kun raised prices by 10 to 20 cents starting July 27, citing escalating operating costs leading to a “juncture whereby a price revision is inevitable”, said a notice posted at storefronts dated June 26.
A cup of coffee at Ya Kun now costs S$1.60 instead of S$1.50.
http://www.todayonline.com/singapore/hig...fee-joints