Mr Darren Tay, owner of Jin Chen Coffee Stall at Golden Shoe Market, raised his prices by 10 cents in October 2013, after his suppliers started charging him more for coffee powder and condensed milk.
IT’S almost two weeks since the Chinese New Year weekend but some coffee shops which typically raise their drink prices over the holiday period have made these hikes permanent.
They have cited a number of reasons ranging from increased staff wages to rental costs and prices of food items such as coffee powder, sugar and milk.
