iced Americano prices have been adjusted for the first time in 10 years
Prices rise across Starbucks, Hollys, Paul Bassett, and more
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Compose Coffee iced Americano. <Compose Coffee>, ‘Amid soaring coffee bean prices, even budget coffee brands are following the trend of raising prices after premium coffee brands. Compose Coffee announced on the 3rd that it will raise the price of iced Americano starting on the 13th. The price of hot Americano will remain the same.’,
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, ‘Compose Coffee stated that due to the skyrocketing price of coffee beans and the impact of domestic economic slowdown, they have decided to increase the price of iced Americano for the first time in 10 years since the brand’s launch in 2014. The iced Americano will increase from 1,500 won to 1,800 won, and the decaf iced Americano will rise from 2,500 won to 2,800 won.’,
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, ‘For the past 10 years, Compose Coffee has been the only budget coffee brand providing both hot and iced Americano for the same price of 1,500 won. However, given the recent surge in coffee bean prices, alongside rising labor, logistics, and raw material costs, and considering the profits of franchisees, an increase is unavoidable, the company explained.’,
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, ‘Compose Coffee CEO Kim Jin-seong said, “It is with a heavy heart that we decided on the price increase during these challenging times, but we will continue to prioritize customer trust and work hard with our 2,700 nationwide franchises to provide high-quality coffee,” he stated.’,
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, ‘Earlier this year, premium coffee brands already raised their prices. Starbucks increased the price of tall-sized drinks starting on the 24th of last month. The price of a tall-sized café Americano rose from 4,500 won to 4,700 won, and café latte increased from 5,000 won to 5,200 won. Hollys also raised some of its product prices by 200 to 300 won starting on the same day.’,
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, ‘Paul Bassett announced on the 23rd of last month that it would increase the price of 28 products by an average of 3.4%. It was the first price hike in about 3 years for Paul Bassett. The increase ranged from 200 to 400 won, with the signature lungo rising from 4,900 won to 5,300 won.’,
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