Bad weather means you're about to pay more for coffee

Coffee prices are on the way up. The commodity is heading back to its 2011 high, which means you'll likely be paying more for your morning jolt.

Weather conditions in coffee bean producing markets such as Brazil is being blamed for a shortage, while demand keeps soaring.

"Aussies will be paying a lot more for coffee over the coming weeks, months and year. That's because coffee prices of arabica coffee beans hit a new 13-year high. Prices are up 7% in five days, 25% in three months, up 60% in a year. And prices will probably continue to rise as supply is expected to be removed from the market," explains moomoo Australia market strategist @Jessica Amir.

Additionally, RMIT University Professor Vinh Thai cites supply-chain problems, particularly container shipping rates, in the coffee industry as adding considerable expense to the distribution of beans.

Swiss-based coffee giant Nestle points to the rising cost of beans as a 'challenging headwind' for the market. The company's head of coffee David Rennie also agrees supply chains are currently tense.

Speaking at Nestle's world capital day event last week, he said the organisation "foresees the need for more balanced pricing".

Thai echoes this sentiment, warning of the impact on coffee consumers: “Roasters may need to pass these costs onto cafes who in turn, may do the same to customers. This will likely add further pressure and negatively affect the lifestyle of customers who are already dealing with the cost of living."

Amir says it will clearly impact lifestyles, with Aussies switching to instant coffee and opting out of going to their local barista.

And, the rising coffee prices are just another factor adding to inflation, which remains stubbornly high in Australia.