Bad News, Starbucks Fans: The Price of Your Coffee is Going Up

By: Jon Corrigan

Coffee bean prices may be down (according to CNN Money), but Starbucks prices are going up.

It was prematurely revealed in an accidental glitch last week – in which some customers were charged up to 30 cents more – that the coffee chain is initiating another price hike.

“Starbucks is planning a small price increase on select beverages,” the company said in a statement. The change is effective July 12.

There’s no word on which beverages will be affected or how much of an increase we’ll see. However, if last year’s price hike is any indication, it could be around 5 to 20 cents.

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