Tim Hortons raises prices.

The price of an essential Hamilton fuel is up while gasoline has gone down: Tim Hortons coffee is up five cents across all cup sizes.

Gasoline dropped nearly two cents to 95 cents a litre overnight, a third the cost of your morning pick-me-up. Comparing apples to apples, that puts the price of Hortons coffee at $2.91 a litre, based on an extra-large cup.

Donut prices went up too, but the price of combo sandwich and soup deals stayed the same. New prices took effect this week.

A Tims spokesperson said the increase is due to rising costs.

Indeed, coffee prices in Ethiopia, Africa’s largest grower of the beans, rose as much as 6.1 percent last week as volumes climbed 31 percent on the Ethiopia Commodity Exchange.

Trading volume rose to 1,850 tonnes in the week ending Aug. 28 from 1,416 tonnes the week previous, the Addis Ababa-based exchange said in a report downloaded from its Web site.

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