Tim Hortons Calls First Price Hike In 3 Years 'More Than Reasonable' – CoffeeTalk

Canada’s Tim Hortons is raising coffee prices for the first time in three years, reflecting broader trends in fluctuating coffee prices. A spokesperson stated that the price hike of 1.5% per cup is reasonable in light of inflation. Over the last three years, coffee bean prices have more than doubled, rising from C$2.21 to C$5.45 per pound, which translates to an average increase of three cents per cup for consumers. Concurrently, StatCan reported that Canadians faced a 27.9% increase in coffee prices at grocery stores compared to the previous year.

Canada imports roughly a quarter of its coffee from Colombia, with additional sources including Brazil, Mexico, Peru, and Central American countries. The coffee trade was valued at over $1.3 billion in July, with imports of 131 million kilograms of unroasted coffee. While unroasted coffee mainly comes from Mexico and further south, roasted coffee is predominantly imported from the United States. As of July 2025, Canada imported 3.9 million kilograms of roasted coffee, which has been impacted by U.S. tariffs on Brazil and subsequent retaliatory measures from Canada. These tariffs have potentially raised costs for Canadian coffee importers.

Moreover, in a broader context, food prices overall rose by 3.5% in August, significantly surpassing the 1.9% increase in the Consumer Price Index, with Loblaw attributing some of the price pressures to counter-tariffs that have begun to ease since September 1. The report emphasizes that coffee prices are nearing their 2025 peaks due to ongoing import tariffs and cautious behavior from Brazilian coffee growers, which has contributed to volatility in global coffee markets. Buyers are compelled to seek alternative suppliers as the international coffee market remains unpredictable.

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