EXCLUSIVE: 7-Eleven WILL RAISE the Price of its Famous $1 Coffees and Slurpees in Another Blow to Australians Struggling with Rising Cost of Living
- The price of 7-Eleven’s $1 Slurpees and coffee varieties will increase in the coming weeks
- A spokesman confirmed the price increase but did not say when it will take effect.
- 7-Elevens can be found in major cities and on the Central and South Coast of NSW
7-Eleven will raise the price of its $1 Slurpees and coffees, in another blow to Australian consumers struggling with rising costs of living.
A 7-Eleven spokesperson confirmed that the price of drinks from Australia’s favorite service stations will soon rise due to inflated operating costs.
“The price of our coffees and Slurpees will increase, and we will be making announcements about them in the coming weeks,” 7-Eleven told Daily Mail Australia.
7-Eleven announced that it will raise the price of its coffee varieties and $1 Slurpee in the coming weeks
‘The changes are the result of rising input costs for our products.’
The affected coffee varieties are understood to include the store’s standard $1 coffee, as well as their hot chocolates, iced coffees and melted coffee ice creams.
The popular convenience store has franchise stores across the country: in Sydney, along the central and southern coast of New South Wales, as well as in Melbourne, Brisbane and Perth.
It’s the latest blow to Australians battling rising costs as inflation soars.
The popular $1 drinks have been a staple of chains found in major cities and on the Central and South Coast of NSW.
Rising costs for gasoline, housing and food have caused the country’s inflation rate to rise 6.1 percent for the first time in two decades, raising fears of a huge interest rate hike. in August.
The consumer price index in the June quarter soared at the steepest pace since mid-2001, after unemployment fell last month to a new 48-year low of 3.4 percent.
“It’s going to get tougher before it starts to slow down,” said treasurer Jim Chalmers.
‘It’s going to be a tough time ahead. We expect it to increase.
Headline inflation is now well above the Reserve Bank of Australia’s target of two to three percent.
Australia’s inflation rate rose 6.1 percent for the first time in two decades, raising fears of a huge interest rate hike in August (pictured, a shopper at Paddy’s Market in Flemington, in the west sydney)
The consumer price index in the June quarter soared at the steepest pace since mid-2001, after unemployment last month fell to a 48-year low of 3.5 percent, but when the effect exception to the introduction of the GST, Australia’s CPI was the highest since the December quarter of 1990, during the first Gulf War
A tight market for rental vacancies and higher energy prices caused housing costs to rise by nine percent in the year to June 30.
Transportation costs rose 13.1 percent, while food prices rose 5.9 percent following the recent floods.
“The most vulnerable people make decisions between, you know, vegetables or rent and that’s when it really hurts,” Dr. Chalmers said.
Treasurer Jim Chalmers said ‘these are numbers at odds’ with mortgage rates set to continue to rise
Compare the Market banking expert David Ruddiman said this high-inflation reading meant the RBA was now likely to raise the cash rate by 75 basis points on Tuesday next week (image shows inspection of Melbourne auction)
Last month, Dr. Chalmers issued a new ministerial statement with updated Treasury forecasts for inflation that hit a new 32-year high of 7.75 percent.
“The projections are not accurate,” said Dr. Chalmers.
But he added that inflation was likely to “moderate next year” but that it would take “a long time to get to a normal level of inflation.”
Recurring floods in south-east Queensland and northern New South Wales have also pushed up vegetable prices (pictured, Paddy’s Markets in Flemington, western Sydney)
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