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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