Starbucks price hike: 10 cents more for 'tall' in New York – but not L.A.
Starbucks says rising costs for coffee and fuel mean it must increase the price for some of its 'tall' coffee cups. But the Starbucks price hike is not uniform across the country.
If you like to wake up and smell the Starbucks coffee, you may now be waking up to some higher prices.
The Seattle-based chain raised prices for many US consumers Tuesday, saying the price hikes reflect its own rising costs for things like coffee, fuel, and other commodities. But the price changes aren't uniform on all beverages or in all parts of the country.
The company described the move as price hikes of about 1 percent, but some cups of coffee are rising by 10 cents a cup. Starbucks' hasn't done an across-the-board price increase since 2007.
The price boost comes at a time when inflation is a significant worry for consumers. During the past 12 months, food prices in the US are up an average of 4.6 percent, and overall inflation in consumer prices was 3.4 percent, according to the US Bureau of Labor Statistics.