Starting tomorrow, June 24, Starbucks customers can expect to pay yet a little more for their daily java. There will be a 5 to 20-cent price hike per cup of joe, as well as a $1 increase in packaged coffee products in supermarkets.
The change in pricing can be attributed to a number of factors. The most urgent one, though, is the “surging bean costs that have pressured other coffee sellers to raise prices,” reports CBS, although Starbucks has assured us that it has secured its coffee contracts for the long term.
However, Starbucks spokesman Jim Olson does announce that other factors, including “competitive dynamics” and the company’s “cost structure” (costs for ingredients, materials, labor, and occupancy) have come into play in the decision to raise coffee prices.
The price hike does target specific drinks in the cafes. Grande and Venti brewed coffees will see a 10 to 15 cent increase, while drinks like tall brewed coffees and Frappuccinos won’t get more expensive. Interestingly, only the packaged coffees sold in supermarkets, and not in Starbucks’ cafes, will see a price change.
Here’s some more stuff we loved from today:
Sam Jones: Whole Hog BBQ (trailer). [MUNCHIES]
Mashed potato spillage closes Yorkshire road for five hours. [The Independent]
Inside the new Ratatouille restaurant at Disneyland Paris. [Eater]
Orange Is The New Black: The Cookbook is coming this fall. [Foodbeast]