If you're looking for an indication of the increasing cost of living in the UK, the price of takeaway coffee could be it. According to recent figures, a coffee with milk from the main street now costs more than £3.Unfortunately, Londoners pay some of the highest prices. Research conducted by the London-based price comparison website Compare The Market showed that the price of coffee in the UK capital increased by 3.6% over the past year, while the cost of coffee in the rest of the United Kingdom has remained relatively stable, with an average price of just £2.17.
Selfridgeswas found to be the most expensive place to buy coffee in London, with a cup costing £4.00. In general, Londoners can expect to pay between £2 and £3 for a cup of coffee at a coffee shop or cafe. Prices for other drinks at these establishments are as follows: beer (£2.75), wine (£3.50 per glass), coffee (£1.30), coffee with milk (£1.80), soft drinks (£1.70), tea (£1.30) and hot chocolate (£1.30).
Since February, a cup of coffee in any hospitality establishment has risen 3.5 percent to £2.88, while a cup of coffee in pubs and bars has risen 4.4 percent to £3.24. London is undoubtedly the city with the most expensive coffee prices, but there are still areas where you can find cheaper lattes and cappuccinos. Thinkmoney has also identified which areas have the most financial problems, regardless of their VAT savings efforts. So if you're looking for an affordable cup of coffee in London, it pays to do your research and shop around for the best deals. With a bit of effort, you can find cafes that offer great value for money.