Paying more for coffee lately? Cafes warn prices will keep rising in 'vicious cycle'

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Hospitality businesses are raising prices, reducing trading hours and considering scrapping loyalty perks as they struggle to cope with cost of living pressures.

abc.net.au/news/hospitality-business-costs-coffee-rising/102506232In Wodonga in north-east Victoria, Bean Station Cafe owner Rod Ayton is stressed about the cost of living.Hospitality businesses are reducing trading hours and putting prices up due to rising costsMore small businesses are closing because of falling profits

He is far from the only small business owner balancing increasing costs including staff wages, bills and food.

 

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