Starbucks Is Raising Prices On Almost All Drinks

Starbucks Raising Prices 2015

Starbucks is raising prices on Tuesday with most drinks receiving a 1% increase. The company’s price hike will range from $0.05 and $0.20 per drink.

According to the Associated Press,┬áThe cost of “venti” brewed coffee will increase by $0.10 to $2.45 in most US markets.

Despite protests from customers, this marks the third year in a row that Starbucks has raised prices.

Starbucks raised prices in June of 2014, when the cost of raw coffee was soaring. However, coffee prices have fallen since that time, while the company has continued to fight against rising labor and rent costs.

“We continually evaluate pricing on a product-by-product and market-by-market basis in our stores in order to balance the need to run our business profitably while continuing to provide value to our loyal customers and to attract new customers,” Starbucks said in an emailed statement.

No further details about specific drink pricing have been released at this time

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Written by Peter Mondrose

Peter Mondrose

Peter Mondrose is the Editor-In-Chief at BusinessPundit. He received his degree in Economics in 1998 and a second degree in Journalism in 2004. He has served as a financial adviser, market trader, and freelance journalist for the last 11 years. When he's not investigating market conditions and reporting on workplace news, he can be found traveling with his wife, dog, and laptop. He can be reached at PeterMondrose@BusinessPundit.com or (929) 265-0240.