More Bucks For Starbucks: Coffee Giant Raises Prices Again

AP:

Starbucks Corp. said Monday it was raising prices for its coffee and other freshly made drinks in most of its U.S. stores by 9 cents this month, citing rising costs, including dairy products, energy and fuel.

In a statement issued after markets closed, Starbucks said the price hike will take effect July 31, bumping the cost of most drinks by about 3 percent.

The increase will apply to coffees, lattes, frozen Frappuccinos and some tea-based drinks, including fruit and tea blends made behind the counters in all of its domestic company-operated stores, company spokesman Brandon Borrman said.

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