Starbucks boosts prices on some beverages
Associated Press
SEATTLE — Starbucks Corp. says it’s raising prices on certain harder-to-make beverages — and cutting the costs for simpler ones like a plain cup of coffee.
The price increases are as much as 30 cents on some drinks, such as the cold, blended frappuccino. Most items with increased prices will climb 10 to 15 cents.
The changes went into effect Thursday in select cities and will eventually expand into other markets in the coming months.
Officials at the Seattle-based coffee giant say they’re increasing prices to cover higher labor and material costs.
Some basic items will have prices cuts between 5 and 15 cents. Other menu prices won’t change.