Coffee drinkers should take note as new research from Consumer Intelligence reveals that they could be spending an average of £1,100 per year to get their caffeine fix.
Findings also reveal that 81 per cent of people drink coffee on a daily basis, drinking an average of 2.32 cups a day, with two per cent of the population downing six cups or more in 24 hours.
Further findings show that 56 per cent of coffee drinkers buy it at coffee shops, cafes or restaurants, spending an average of £2.88 per cup and drinking an average of 1.75 takeout cups per day.
It can be an expensive habit – over half of coffee drinkers (56 per cent) buy it at coffee shops, cafes or restaurants, spending an average of £2.88 per cup and drinking an average of 1.75 takeout cups per day. That adds up to over £25 during a working week, or over £1,100 per year.
Costa Coffee tops the list as the nation’s favourite coffee chain, according to the findings. More than one in three coffee drinkers (37 per cent) chose Costa as their favourite place to purchase their fix, followed by Starbucks with 24 per cent.
One in ten people (nine per cent) selected their local independent shop as their favourite, followed by another nine per cent who chose Caffé Nero. A total of 15 per cent of coffee drinkers said the brand didn’t matter and they would just go to whichever outlet was closest when they wanted a coffee.
Latte is the favourite type of non-instant coffee for Brits, selected by 38 per cent of respondents. Cappuccino is the favourite of one in four people (23 per cent), followed by Americano (18 per cent) and Espresso (11 per cent). Four per cent of people favour a Mochachino and two per cent prefer a Macchiato.
David Black of Consumer Intelligence said: “Tea has traditionally been the UK’s favourite hot drink but our findings show that we are also very much a nation of coffee drinkers nowadays. Brits have really taken to the coffee shop culture in recent years and many of us find it difficult to get through a day without at least one trip to our local coffee shop.
“However, people can end up spending a considerable amount of money in coffee shops without realising it. Like any other regular expense, it’s advisable to review your finances and check you can afford it.”