Saturday, June 22, 2013

Price Inflation Watch: Starbucks to Raise Some Drink Prices

File: Price Inflation
File: Friday Night News Dump

Starbucks Corp will increase the price of some of its beverages in U.S. company-operated cafes by as much as 10 cents, the first price change in up to two years, a spokeswoman said on Friday, according to Reuters.

The price hike will be effective June 25, Starbucks spokeswoman Lisa Passe said. "Less than a third of beverages will be affected by the price increases," Passe said.

Increasing rent, labor and non-coffee commodity costs in various markets are the reasons behind the price increase, Starbucks spokesman Jim Olson said.

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