Fans of Starbucks are paying more for their favorite drink Tuesday as a 9-cent price hike takes effect.
Starbucks cites rising costs, including dairy products, energy and fuel. In a statement issued after markets closed Monday, Starbucks said the price hike bumps the cost of most drinks by about three 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.
The increase will not apply to bottled drinks or food.
The company's last price increase of 5 cents was last October.
The world's largest specialty coffee retailer has about 6,300 company-operated stores in the United States, plus about 3,500 licensed stores.
To comment, the following rules must be followed:
Comments may be monitored for inappropriate content, but the station is under no legal obligation to do so.
If you believe a comment violates the above rules, please use the Flagging Tool to alert a Moderator.
Flagging does not guarantee removal.
Multiple violations may result in account suspension.
Decisions to suspend or unsuspend accounts are made by Station Moderators.
Questions may be sent to firstname.lastname@example.org. Please provide detailed information.
Viewers with disabilities can get assistance accessing this station's FCC Public Inspection File by contacting the station with the information listed below. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, 888-835-5322 (TTY), or email@example.com.