Starbucks Raising U.S. Drinks Prices Next Week

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As the prices for U.S. milk have soared recently, Starbucks Corp will raise U.S. prices on coffee, lattes and other drinks by an average of 9 cents a cup next week to help offset soaring costs for milk and other commodities, a spokesman said on Monday.

The widely anticipated move marks Starbucks’ second price increase in less than a year and comes a month after the coffee shop chain’s chief financial officer warned it would be “very challenging” for Starbucks to meet the high end of its 2007 earnings forecast, in part because of rising dairy prices.

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Disclaimer: The writer is a coffee lover and is not paid in any way including monetary to review the specified coffee or cafe. The writer does not endorse and favor any brand over another brand and does not represent any coffee brands. Comments that are irrelevant whether they are business proposal or comments addressing the particular business will be ignored and will not be published.

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