This morning I bought a coffee from Starbucks… scoff if you will, but trust me - I reckon that the coffee selection here in London is limited. Well, there is a lot to choose from, but the quality is some what lacking. I suspect that this has something to do with the number of franchise places that sell coffee… and partly to do with the hard water. Anyway, the reason I sometimes get Starbuck’s is because I quite like filter coffee and as long as it’s fresh - it’s much harder to stuff up than espresso.
So this morning I noticed that the price of my grande drip coffee had risen from £1.65 to £1.75. I have been here for about fifteen months and this is the second rise I have seen (when I first arrived it was £1.5– something). Now in the scheme of things, £1.75 is pretty good for a coffee in London. I reckon you can expect to pay anywhere between £2 - £2.50 for an espresso coffee in most places.
People say that I should stop converting currency in my head… but I still do. £2 is an expensive coffee in AU$ ! And yes, I do earn a lot more over here - so perhaps it’s relative.
London certainly is an expensive place. There are lots of people here trying to make a buck or two. Is London the financial capital of the world? Does it exceed say NY in that regard? There is so much money floating around here… it streches from the exceedingly wealthy investment bankers - all the way down to the street cleaners. No wonder so many people see it as a place to seek their fortune.
Anyway, I’m not quite sure what… but I think that there is something significant about the price of that coffee.