A blog about Politics, Texas, and Academia

An Arm, A Leg, and A Cup Of Starbucks Coffee

In Culture, Economy, Just News, news on July 23, 2007 at 8:12 pm

Starbucks

Ouch. As if I’m not spending enough at Starbucks. My Venti Decaf Non-Fat No Whip Raspberry Mocha is going to cost 3% more!!!

This from the AP today:

SEATTLE — Starbucks Corp. said today it was raising prices for its coffee and other freshly made drinks in most of its U.S. stores by 9 cents this month, citing rising costs, including dairy products, energy and fuel.

In a statement issued after markets closed, Starbucks said the price hike will take effect July 31, bumping the cost of most drinks by about 3 percent.

The increase will apply to coffees, lattes, frozen Frappuccinos and some tea-based drinks, including fruit and tea blends made behind the counters in all of its domestic company-operated stores, company spokesman Brandon Borrman said.

The increase will not apply to bottled drinks or food, Borrman said.

The company’s last price increase — 5 cents — took effect Oct. 3, 2006.

The world’s largest specialty coffee retailer has nearly than 6,300 company-operated stores in the United States, plus about 3,500 licensed stores. It has almost 14,000 stores worldwide.

Oh well. Just like the hike in gas prices, I need my coffee to get by so I will continue to be a slave to the espresso machine. 😦

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