Starbucks' price hike will go into effect tomorrow
Starting tomorrow, your caffeine fix will be more expensive.
Starbucks confirmed Friday that it plans to raise prices on its packaged and roast coffee, including brewed coffee in stores. The new prices for brewed Starbucks drinks will go into effect Tuesday.
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The price of Starbucks' ground coffee in grocery stores and other retailers was increased Saturday by an average of eight percent. While many coffee companies have raised prices this year to offset Brazil's drought, Starbucks spokesperson Zack Hutson said energy and labor costs are also behind the move.
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