Philippe's Raises Price of Coffee For First Time in 35 Years — Now It Costs a Whopping 45 Cents
The price of coffee at Philippe's in Chinatown is going to quadruple in price starting next Thursday, which means it's going to go up an entire 36 cents.
Since 1977, the price of coffee at Philippe's has been only 9 cents, but the legendary restaurant on Alameda Street (that claims to have invented the French dip) posted a notice today letting its customers know that prices were going up, according to the Los Angeles Times.
It might be the end of the era, but no one is really complaining (except for one dude who told the Times that he'd rather they not raise their prices).
The price hike needs no explanation, but Mark Massengill, whose family has owned the company for four generations, told the Times that the 9 cent coffee was no longer a tradition they could afford: "We’ve always tried to provide a tremendous value in the food and coffee."