Business & Tech

Starbucks to Raise Prices by 1 Percent

Written by Editor Natalie Stevens

Looks like you might have to fork over a few more cents for your daily coffee at Starbucks.

Starbucks is raising prices on average by 1 percent nationally starting on Tuesday, June 25, according to the Associated Press.

A small brewed coffee could see the price increase by 10 cents at most while other drinks could increase by more than that. 

However, Starbucks said its medium and large brewed coffees and Frappuccinos won't change in most its 11,000 U.S. cafes.

Buffalo Grove has Starbucks locations in the following locations:

55 McHenry Road
1665 N. Buffalo Grove Road
1160 W. Lake Cook Road (inside Dominick's)
770 S. Buffalo Grove Road (inside Dominick's)
1205 W. Dundee Road 
450 Half Day Road (Inside Dominick's)

The price increase comes even though bean prices are dropping, according to the Associated Press. An analyst estimated that this year Starbucks will spend about half the $1.4 billion it did for coffee in 2012.

Starbucks said though that coffee represents just one of its many costs and tends to account for less than 10 percent of overall store expenses.


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