9 Cent Cup Of Coffee Goes Up To 50 Cents

A Los Angeles restaurant famous for its 9 cent cup of coffee is raising the price to 45 cents -– 50 cents with tax. Management at Philippe the Original told the Los Angeles Times they can no longer keep up with the cost of coffee.

Copyright © 2012 NPR. For personal, noncommercial use only. See Terms of Use. For other uses, prior permission required.

STEVE INSKEEP, HOST:

And today's last word in business is say it ain't so - or actually, say it ain't Joe.

A Los Angeles restaurant famous for its nine cent cup of coffee is raising the price to 45 cents - 50 cents with the tax. Management at Philippe the Original told the L.A. Times they can no longer keep up with the cost of coffee. The family-run restaurant has been serving French dip sandwiches since 1908, along with eight-ounce mugs for less than a dime.

Loyal patrons told the Times they do not mind this 400 percent hike for coffee. In fact, they wondered what took so long. And, of course, it is still cheaper than a vanilla mocha frappe latte with whip.

That's the business news on MORNING EDITION from NPR News. I'm Steve Inskeep.

Copyright © 2012 NPR. All rights reserved. No quotes from the materials contained herein may be used in any media without attribution to NPR. This transcript is provided for personal, noncommercial use only, pursuant to our Terms of Use. Any other use requires NPR's prior permission. Visit our permissions page for further information.

NPR transcripts are created on a rush deadline by a contractor for NPR, and accuracy and availability may vary. This text may not be in its final form and may be updated or revised in the future. Please be aware that the authoritative record of NPR's programming is the audio.

Comments

 

Please keep your community civil. All comments must follow the NPR.org Community rules and terms of use, and will be moderated prior to posting. NPR reserves the right to use the comments we receive, in whole or in part, and to use the commenter's name and location, in any medium. See also the Terms of Use, Privacy Policy and Community FAQ.