REVEALED: New prices of 7-Eleven’s coffees and Slurpees after it sensationally dumped its $1 offer after 13 years
- 7-Eleven regular hot coffees will now cost $2 and large Slurpees will cost $1.50
- The convenience store announced it would raise its $1 drink prices yesterday
- Customers can save 50c on their hot coffee orders by bringing a reusable cup
- It is the first time 7-Eleven has raised the price of its coffees in over a decade
Popular convenience store 7-Eleven is hiking the price of two of its most popular items – ditching its $1 offer for coffees and Slurpees after 13 years.
From October 4, regular 7-Eleven coffees will double in price to $2 while large Slurpees will jump to $1.50.
CEO Angus McKay said 7-Eleven had been losing money on its budget beverages for more than a decade and it was ‘no longer possible’ for the company to absorb the cost.
‘We will continue to provide our customers with great value and great quality, while ensuring our prices are sustainable for our store owners, our suppliers and our communities,’ he said.
‘A single $2 gold coin for a regular coffee remains among the best value offers in the industry.’
Regular coffees at 7-Eleven will now cost $2 with the convenience store’s famous $1 option set to go
Savvy customers looking to save a bit extra can use a reusable cup to save 50c on hot coffees.
‘Our new offer is fair value for our community, store owners and suppliers, and we’ll keep working to make it better,’ Mr McKay said.
The popular convenience store chain has franchises in Sydney, along NSW’s central and south coast, Melbourne, Brisbane and Perth.
Large Slurpees have also jumped from $1 to $1.50 after 7-Eleven CEO Angus McKay revealed the company isn’t making any profit on the drinks
The price jump is another in a long series hitting Aussies as the battle with soaring inflation continues.
Petrol, housing and food prices have caused the inflation rate to increase by 6.1 per cent with fears it will continue to climb before the end of August.
Treasurer Jim Chalmers warned ‘it will get tougher before it starts to ease’.
‘It’s going to be a difficult time ahead. We expect it to get higher,’ he said.
‘The most vulnerable people are making decisions between, you know, vegetables or rent and that’s when it really bites.’
Treasurer Jim Chalmers (above) said inflation price rises ‘will get tougher before it starts to ease’
Dr Chalmers released a new ministerial statement last month with updated forecasts of inflation hitting a new 32-year high of 7.75 per cent.
‘Forecasts are not bang on,’ Dr Chalmers said.
But he added inflation was likely to ‘moderate next year’ but take ‘a long time to get to a normal level of inflation’.