PE Ledger

Saturday, September 23, 2023

P.E.I. restaurants, consumers, adapting to increasing prices


Key takeaways: 

  • ‘If you want a meal, you have to spend for it.’
  • Hai Nguyen is the owner of The Shed, a coffee store in Charlottetown, looking to start regional products for her business in reply to rising shipping prices. 

Risings costs affect consumers: 

A coffee store in Charlottetown is attempting to maintain its costs despite increasing costs.

Since opening its doors in July the previous year, the Shed has had no problems sourcing its ready-to-drink products and coffee beans from across Canada and the U.S.

But in January, owner Hai Nguyen was told by her distributors regarding a growth between 10 and 15 percent in shipping fees — the same month, Canada’s inflation rate shot a 30-year high at 5.1 percent.

“Now I ought to find more regional, more Atlantic sellers so then it may lower the price,” she stated.

Due to COVID-19 and growing transportation and fuel costs.

Nguyen denies passing the additional charge on to her consumers, leading her to test some made-in-P.E.I. products at her store to see if they can substitute more costly shipped items.

Also read: Cleantech professionals say the new P.E.I. education and business hub has potential

PEI customers and restaurants face high costs

“Because it will cost you less … in terms of operating expense, then I’m proud to use our local product here,” she stated.

‘Costs are running crazy.’

C.B.C. News talked to several clients at Maid Marian’s Diner in Charlottetown regarding the change in the cost they see on the menu.

Managers of Maid Marians say they’ve had to increase costs a few times since COVID started, including a significant increase just the previous month.

Their everyday specials are now $13.50, up a buck and a half from a month ago.

Beth Whittaker stated she understood the growth.

“I’ve noticed in the shops too, different things, costs are going crazy,” she stated.

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