Java junkies will soon get a jolt when they go to get their Starbucks fix. The world's biggest café chain is raising prices.
Raw coffee prices have been rising and Starbucks says that it has absorbed the higher prices until now. It says the price increases will be focused on big and labor-intensive drinks. It didn't say which drinks, or how much. But most of its basic coffee and espresso drink prices will stay the same or even drop in some cases, including its $1.50 tall brewed coffee.
In its announcement the company also says it may raise prices of packaged coffee, including beans sold in grocery stores, in coming months.
