Louisa Coffee has raised the prices of its food offerings by NT$5 starting today, the first day of the 10-day Lunar New Year holiday, the company said.
Taiwan’s largest coffee chain said that the price hike applies to sandwiches, bagels, omelets and other light meals, as well as cakes and cookies, while the drink prices remain unchanged.
The chain raised the price of its coffee products by NT$5 before last year’s Lunar New Year holiday due to rising global bean prices.
Photo courtesy of Louisa Professional Coffee
Lousia Coffee is the latest food and beverage chain to raise prices in Taiwan, as global raw material and food ingredient costs continue to rise.
McDonald’s Value Meals on Dec. 21 increased by NT$10 one day before Kentucky Fried Chicken raised its prices by an average of 6.2 percent, while Burger King raised prices by 5.8 percent on average on Jan. 4.
Taiwan’s consumer price index (CPI) saw a 2.95 percent year-on-year increase last year, well above the 2 percent target set by the central bank, according to the Directorate-General of Budget, Accounting and Statistics (DGBAS).
The CPI increase last year was the highest since 2008 when it rose 3.52 percent, DGBAS figures showed.
Dining out costs rose 5.77 percent last year, the highest increase since 2008, when they rose 7.46 percent, DGBAS data showed.
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