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Consumers in Ontario will have to fork over a little more change for their Tim Hortons coffee and other drinks as of next week.
Prices are set to increase Monday, owing to rising operating costs, the Oakville-based company said.
Prices for the cost of Tim Hortons' beverages are set to rise on April 7, 2008.
(CBC)
Tim Hortons spokeswoman Rachel Douglas said the new pricing structure will mostly apply to beverages.
"Notably the price of coffee will increase slightly," she said in an e-mail. "For example a medium coffee is currently $1.17 [excluding taxes] and that will change to $1.22 [excluding taxes]."
The company last raised coffee prices in February 2006 and bumped up food prices in July. Pricing is determined on a region-by-region basis.
There are 2,750 Tim Hortons stores across Canada and 350 in the U.S.
In February, the company said 2007 total revenues totalled 1.9 billion, an increase of 14.2 per cent over the previous year.
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