Your Morning Cup of Starbucks Coffee Is Going Up

Starbucks will increase coffee prices this week
Your morning cup of Joe is going to cost a little bit more beginning Tuesday when you visit your local Starbucks coffee shop. Starbucks Corporation (SBUX) announced they’ll be raising the price of their coffee in-store, and their branded coffee for sale at other retailers. The increase in price comes after coffee prices have soared this year due to a major drought in Brazil.

Coffee prices at their cafes will increase by less than 1%, while the branded ground and whole-bean coffees which are sold at a variety of retail outlets will see an 8% increase on average. The price increases will go into effect beginning June 24, 2014 at the company operated stores, and on July 21, 2014 in other


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