Starbucks Is Hiking Their Coffee and Drink Prices

07/06/2015 at 05:58 PM ET

Starbucks

Starbucks lovers (yes, the whole long list) better prepare to dig a little deeper into their pockets.

Starting Tuesday, the coffee company is raising their prices, from 5 cents to as much as 20 cents, reports the Associated Press. The price hike will affect small and large brewed coffees, raising the price by 10 cents throughout most of the country.

With the price bump in most U.S. locations, a large coffee from Starbucks would cost $2.45.

In a statement, Starbucks said change in cost is a result of constant evaluation of the financials on their end, and striving to strike the balance between providing a product of value to their customers as while as running a profitable business. Seeking that balance has led Starbucks to raise their prices in the past, most recently around a year ago.

It’s not all bad news, however: Lisa Passe, a representative for Starbucks, told the Associated Press that price bumps won’t be affecting food products. So go ahead, order that blueberry muffin—but maybe go for a medium coffee instead.

—Diana Pearl

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Showing 28 comments

reindeer on

as if it wasn’t expensive enough…

Mind blown on

Wow. Their flavored water drinks they call coffee and frappuccinos are already ridiculously over-priced… Done with ⭐️💰

Damn Gina on

Their coffee is not worth the price it is now. Starbucks is overrated!!

gatorgrl4ever on

It appears Ms. Pearl has not had Starbucks. There is no such thing as a medium or large coffee; there is tall, grande, and venti. However, should she opt for an iced coffee, then the trenti is also available.

Accuracy is key.

Melanie on

Was always over-hyped, crappy coffee! The best deal in town is the 1.00 for any sized coffee at McDonald’s, delicious!…. I would hire their advertising team, they’ve done a helluva job with terrible tasting coffee, that’s no better than Dunkin Donuts or others! Try Mickey D’s!

Jamie Girl on

A few months back we stopped into Starbucks for a quick snack before heading to the movie theater. I was shocked by their hight prices. I hadn’t been to a Starbucks in several years and now know I will not ever go back. I don’t know how people could afford their ridiculous prices. You could easily spend a small fortune at this place. I’d rather save my hard earned cash towards my first house purchase.

Emlow on

I can’t believe people pay for that garbage. Now they’re going to pay more?

Gina on

All the more reason to go to Tim Horton’s.

Harcinab on

Why is this in the Great Ideas section??
Every time I go to Starbucks it seems their prices have gone up. I’m going to stick to Tim Hortons for a while. Maybe have a Starbucks once in a while.

scotty on

According to the Seattle Times on 6/22/14, Starbucks had an increased revenue in 2013 of $14.9 Billion. The CEO’s compensation package, just for that year was $149.8 Million.

Time to find another addiction…..

whatever on

They are already too high.

trysomerealfoodforachange on

I love how People puts the fleecing of America under the category “Great Ideas”.

D on

WTF….. Someone please explain to me how this is a “Great Idea”….

ejhickey on

Who would have guessed that raising wages could have resulted in higher prices?

bubbablue on

They aren’t the only ones. All coffee houses in our area are for a variety of reasons. Not to mention, it’s just normal practice to increase prices regularly, it happens everywhere.

silvermander on

It’s the only place I can find coffee strong enough to keep me entertained. All these comments about McD’s coffee, and Timmy Ho’s, yeah, you can get a basic cup of coffee there, but not six shots of espresso to keep those of us who like to taste coffee, and not water with a touch of milk. And DD’s is barely drinkable with a couple extra turbo shots.

I guess it comes down to really wanting flavor, and not a simple cup of coffee. When you’re not in a location with many choices for serious espresso, it’s Starbucks you have to go to.

DarkEmpress on

Maybe they should not have 10 locations within a mile of each other and then they would be able to make a good profit without raising prices.

ImALadyToo on

Their stuff is already overpriced. I have been passing on it, and I will continue to pass on it.

JJ on

This is why so many people in Canada drink Tim Hortons or MacDonalds coffee. Starbucks is like a rare treat you have when you want to meet someone on a date and be some what cool or if you have a few extra bucks. But I would not pay that much for coffee on a regular basis especially several times a day. That is insane.

jj92713 on

Ugh. They’re expensive even without a price increase, plus I’ve never even liked their crummy coffee. Too bitter for me. It’s McDonald’s or Dunkin Donuts for me all the way!

nc on

my husband was getting a bag of Starbuck’s blonde blend at the grocery store and was paying around $8 for a pound now it is around $12 so he stopped buying it. He likes Dunkin Donuts coffee so he has been buying that now.

Qdpie109 on

While yes they are more expensive than Dunkin Donuts, McDonalds, Tim Hortons and othe coffee shops they are far more consistent cup to cup, location to location. I no longer drink “cups” of coffee a day but maybe 1 or 2 a week but either way I would prefer starbucks simply because I never had to worry if it’s not going to be good. I can’t even begin to count how many times I have had burnt/sour coffee from DD.

cordelia on

Wow, In Poland where I live the same coffee costs more than $3 and the average income is about $700/month. This is high… and people still buy it.

Traversdurham on

Goodbye Starbucks. You were already overpriced.

Swag Valance on

Not sure why People files this under “GreatIdeas”. If they raised their average price from 10 to 20 cents, would it make it an even better idea?

Ann on

That would be ok if they served good coffee, but they serve coffee made out of shells, not coffee grains. I stopped going to Starbucks years ago because they don’t use coffee beans in the store, they just sell them by bags.

Elsa on

Thank goodness I no longer drink their overpriced crap! And honestly, their coffee isn’t even that good, too many calories per beverage etc…nasty.

Pam on

It was already overpriced crap!

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