Name: Your Starbucks Obsession Just Got More Expensive
Uploaded: 2016-07-12
Duration: 52 s
Description: Thanks to pricier beans

Your Starbucks Obsession Just Got More Expensive

Starbucks implements a new price hike this summer, raising their prices to as much as 30 cents per drink, the company says. The reason for the hike. The rising cost of coffee beans as well as raises to all employees. Starbucks is calling this a small price adjustment. But at U. S stores, customers will see an increase of 10 to 20 cents and select sizes of brewed coffee and a 10 to 30 cent hike on espresso and tea beverages. This is the third year in a row Starbucks has raised their prices. In a statement, Starbucks said pricing is continually evaluated on a product by product and market by market bases in our stores in order to balance business needs while continuing to provide value to our loyal customers. According to Bloomberg, American coffee consumption is expected to increase by 1.5% this year alone.