7-eleven Raises Price of $1 Coffee and Slurpees First Time in 13 Years as Inflation Bites

A sign hangs outside a 7-Eleven convenience store in Sydney on September 1, 2015. Peter Parks/AFP via Getty Images

Australians are about to pay more for their favourite 7-Elevens coffee and slurpees for the first time in more than a decade amid spiralling inflation.

The multinational retail company, which has over 700 convenience stores across Australia, announced on Monday that from Oct. 4, the price of a regular cup of coffee would jump from A$1 (69 cents) to A$2, a large coffee will increase to $3 and super cups will rise to $3.50.