For the second year in a row, Starbucks is set to raise prices, tacking on anywhere from 5 to 20 cents to affected beverages' prices. Both a small and a large cup of coffee, for instance, will go up by 10 cents in most areas of the country, Starbucks says, bringing the price of a plain ol' cup of joe up to $2.45. The upped price tags will take effect on Tuesday and will apply to beverages only.
Starbucks' plan to raise prices comes amid some coffee sellers' decision to lower prices, The Associated Press reports. Just last week, The J.M. Smucker Co. docked prices in anticipation of lower unroasted coffee bean prices. According to Starbucks, its decision to raise prices included factors such as rent, labor, marketing, and equipment.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
-
Gandhi arrests: Narendra Modi's 'vendetta' against India's oppositionThe Explainer Another episode threatens to spark uproar in the Indian PM's long-running battle against the country's first family
-
How the woke right gained power in the USUnder the radar The term has grown in prominence since Donald Trump returned to the White House
-
Codeword: April 24, 2025The Week's daily codeword puzzle
-
Markets notch worst quarter in years as new tariffs loomSpeed Read The S&P 500 is on track for its worst month since 2022 as investors brace for Trump's tariffs
-
Tesla Cybertrucks recalled over dislodging panelsSpeed Read Almost every Cybertruck in the US has been recalled over a stainless steel panel that could fall off
-
Crafting emporium Joann is going out of businessSpeed Read The 82-year-old fabric and crafts store will be closing all 800 of its stores
-
Trump's China tariffs start after Canada, Mexico pausesSpeed Read The president paused his tariffs on America's closest neighbors after speaking to their leaders, but his import tax on Chinese goods has taken effect
-
Chinese AI chatbot's rise slams US tech stocksSpeed Read The sudden popularity of a new AI chatbot from Chinese startup DeepSeek has sent U.S. tech stocks tumbling
-
US port strike averted with tentative labor dealSpeed Read The strike could have shut down major ports from Texas to Maine
-
Biden expected to block Japanese bid for US SteelSpeed Read The president is blocking the $14 billion acquisition of U.S. Steel by Japan's Nippon Steel, citing national security concerns
-
Judges block $25B Kroger-Albertsons mergerSpeed Read The proposed merger between the supermarket giants was stalled when judges overseeing two separate cases blocked the deal
