Cafes and restaurants in Australia may raise coffee prices to $6 or $7 per cup by 2026 due to rising import costs, energy bills, and wages, as highlighted by Mike Brabant of Single O. The average coffee price has already increased by 4.8% recently, with some establishments operating at a loss. Record closures of cafes and restaurants were reported, driven by soaring costs. Experts believe consumers may accept these higher prices as a new norm, akin to the past trend with smashed avocado.
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