facebook
twitter
rss
account
search
search
 

Starbucks to raise prices for that cuppa caffeine

June 21, 2013 at 6:53 PM   |   Comments

SEATTLE, June 21 (UPI) -- That wake-me-up drink at Starbucks will cost more next week as the chain said it would raise the price of some drinks at U.S. stores an average of 1 percent.

Spokesman Jim Olson said the price increase will affect beverages such as Starbucks' brewed coffee, tea, latte and espresso drinks, CNNMoney reported Friday.

Noting drink prices vary from city to city, Olson said customers in some markets could pay about a dime more for a tall brewed coffee.

But, Olson said, less than a third of all Starbucks beverages will be affected by the price hikes. For example, he said, prices won't increase at a majority of Starbucks stores for venti and grande-sized brewed coffees or for its Frappuccinos.

He said the Seattle-based company's first price hike in nearly two years was triggered by rising costs for labor, raw materials and rent.

© 2013 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Recommended UPI Stories
Featured UPI Collection
trending
Notable deaths of 2014 [PHOTOS]

Notable deaths of 2014 [PHOTOS]

Most Popular
1
New National Security Cutter delivered to Coast Guard New National Security Cutter delivered to Coast Guard
2
First MT30 engine for Korean Navy frigates passes acceptance tests First MT30 engine for Korean Navy frigates passes acceptance tests
3
Anheuser-Busch not satisfied with the way NFL has handled recent incidents Anheuser-Busch not satisfied with the way NFL has handled recent incidents
4
Creator of 'Honey Badger Don't Care' brand sues for trademark infringement Creator of 'Honey Badger Don't Care' brand sues for trademark infringement
5
Boeing exploring collaboration with Danish firm to develop UAV Boeing exploring collaboration with Danish firm to develop UAV
Trending News
Video
x
Feedback