Starbucks’ price increase is here.
The coffee giant announced on Tuesday that prices have indeed gone up for some of its drinks in the U.S., between 10 to 20 cents on select sizes of brewed coffee, and between 10 to 30 cents on espresso beverages and tea lattes.
Starbucks expects the increase to raise the average ticket price by 1% and notes that for 65% of its beverages the pricing has not changed. How much of a jump your favorite drink will see will depend on where you are.
News of the price increase leaked early after a computer glitch forced the company to reveal the planned bump earlier than planned. The price increase has also become a bit of a yearly thing for Starbucks. Last year the company raised prices between 5 and 20 cents.
The hike follows an announcement on Monday to raise compensation for store employees and managers in the U.S. by at least 5% starting in October. In addition to a salary increase employees with at least two years of service will now receive double the amount of stock awards that are given out each November.
Source: usatoday.com/story/money/2016/07/12/starbucks-raises-prices-some-its-drinks/86981034/
Starbucks raises prices for some of its drinks
