Starbucks Corp. is raising beverage prices by 1 percent in select markets in the United States. The increase effects the cities of New York, Boston, Washington, D.C., Dallas and Albuquerque, N.M.

The increase is expected to offset 2012 profit losses due to increased costs for coffee, milk and fuel.

According to a story on msnbc.com, prices for a 12-ounce brewed coffee and latte beverages will increase 10 cents. Meanwhile, company spokesman Jim Olson said the price for a 16-ounce brewed coffee will remain the same across the United States.

In November, the company also raised prices throughout locations in the Pacific Northwest, Southern California, Hawaii and parts of the Midwest. Those increases ranged from 10 percent to 20 percent. Company spokesman Alan Hilowitz said the move was due to a "regular review" of prices. He also cited business conditions, commodities and occupancy costs, geography and competitive reasons.

Read more about coffee and specialty beverage trends.

 

Related Content

User Comments – Give us your opinion!
Products & Services

Integrated CRM

http://global.networldalliance.com/new/images/products/7071.png

7071/Integrated-CRM

Commercial Grade quality for single or multi unit deployments

http://global.networldalliance.com/new/images/products/E_Family_150px.jpg

3956/Commercial-Grade-quality-for-single-or-multi-unit-deployments

iiX Custom Points Program

http://global.networldalliance.com/new/images/products/custompoints.gif

1423/iiX-Custom-Points-Program

HA82-3R: 2×8 Dual HDMI Amplifier equipped with RS-232 Control

http://global.networldalliance.com/new/images/products/6613.png

6613/HA82-3R-2-8-Dual-HDMI-Amplifier-equipped-with-RS-232-Control

RoninCast® Software

http://global.networldalliance.com/new/images/products/4754.png

4754/RoninCast-Software

Dual Core Menu Board Media Player - $99

http://global.networldalliance.com/new/images/products/6677.png

6677/Dual-Core-Menu-Board-Media-Player-99

Be part of a growing and emerging brand

http://global.networldalliance.com/new/images/products/5579.png

5579/Be-part-of-a-growing-and-emerging-brand

Sourcing

http://global.networldalliance.com/new/images/products/6407.png

6407/Sourcing

Advanced Wireless

http://global.networldalliance.com/new/images/products/6635.png

6635/Advanced-Wireless

Granbury Websites

http://global.networldalliance.com/new/images/products/6815.png

6815/Granbury-Websites

Media Kit
Request Information From Suppliers
Save time looking for suppliers. Complete this form to submit a Request for Information to our entire network of partners.