Elevate your local knowledge
Sign up for the iNFOnews newsletter today!
Starbucks hikes prices on coffee, espresso, tea lattes
SEATTLE – Starbucks says it's increasing prices slightly on brewed coffee, espresso and tea latte beverages.
The Seattle-based coffee chain says prices on select sizes of brewed coffee in U.S. company-operated stores are jumping 10 to 20 cents Tuesday, while prices on espresso and tea latte beverages will rise 10 to 30 cents.
The company says in a statement that pricing in stores is "continually evaluated on a product-by-product and market-by-market basis in order to balance business needs."
The price hikes do not impact coffee shops in Canada.
The price jump comes a day after Starbucks announced it would boost the base pay of all employees and store managers at U.S. company-run stores by 5 per cent or more.
The company didn't immediately return a request for comment on whether the price increases are related to the wage hike.
News from © The Associated Press, . All rights reserved.
This material may not be published, broadcast, rewritten or redistributed.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Join the Conversation!
Want to share your thoughts, add context, or connect with others in your community?
You must be logged in to post a comment.
