Thank You Starbucks For Helping Me Quit You

Uh, another price raise? You're not the post office for Pete's sake. What's with the increases?


Starbucks said Monday it would raise its U.S. prices for lattes, Frappuccinos and other freshly made drinks by nine cents, the second price hike in less than a year.

The Seattle-based coffee retailer blamed rising costs for things including dairy products, energy and fuel for the increase.

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


Who are they kidding? For a drink that costs $3.50, about $3 is profit. Must they pass on the .09 increase to the customer?


-LB

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