Starbucks hiking prices despite lower bean costs

NEW YORK (AP) — Starbucks wants a little extra change for that latte.

The Seattle-based coffee company says it’s hiking prices on average by 1 percent nationally starting on Tuesday. But it says the price for many drinks, such as medium and large brewed coffees and Frappuccinos, won’t change in most its 11,000 U.S. cafes.

For a small brewed coffee, the price will increase by 10 cents at most. Other drinks could increase by more than that. “Less than a third of beverages will see a small increase in most stores,” said Lisa Passe, a Starbucks spokeswoman. She noted that the increases will vary by region and may apply to different drinks.

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Read more Starbucks hiking prices despite lower bean costs

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