Starbucks Plans to Raise Drink Prices Next Week

It's no longer the best part of waking up.
It's no longer the best part of waking up.Photo: James BO Insogna/Shutterstock

Starbucks chief executive Howard Schultz assured everyone in March that because they’d locked bean prices in through mid-2015, the company would be fine by the commodity’s drastic spike in cost, unlike, ahem, certain competitors. Well, starting next Tuesday, drink prices are going up anyway. This “in no way” relates to the tuition program, but regardless, expect to pay 10 to 15 cents more per grande or venti drink (tall brewed coffees and Frappuccinos get a pass). There’s a $1 hike coming to bagged coffee, too, but not until July 21 and only to the supermarket beans. [AP]