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News >  Business

Starbucks raising price of a brewed coffee in most U.S. stores

UPDATED: Thu., June 7, 2018

In this May 29, 2018 photo, a barista reaches for an empty cup at a Starbucks, commonly referred to as the original Starbucks, in the Pike Place Market in Seattle. (Elaine Thompson / Associated Press)
In this May 29, 2018 photo, a barista reaches for an empty cup at a Starbucks, commonly referred to as the original Starbucks, in the Pike Place Market in Seattle. (Elaine Thompson / Associated Press)
Associated Press

NEW YORK – That Starbucks habit has gotten a little more expensive.

Starbucks Corp. said Thursday it has raised the price of a regular drip coffee by 10 cents to 20 cents in most U.S. stores, putting a small brewed coffee at $1.95 to $2.15 in most locations.

The company said prices haven’t changed on drinks such as lattes and iced coffees in most stores.

Overall, Starbucks said it has increased prices by an average of 1 percent to 2 percent in the past year, which it said was in line with industry practices – though the increase may be higher for particular drinks. The company has also rolled out specialty drinks over the years that tend to cost more.

Sara Senatore, a senior analyst who covers the restaurant industry for AB Bernstein, noted the average annual price increase for a tall brewed coffee at Starbucks has been 1.7 percent over time. She said that is similar to overall inflation rates, meaning the price hasn’t risen in real terms.

Starbucks said it is always evaluating prices and that the latest change “was not related to last week’s store closures and trainings.” The company closed its U.S. stores for several hours last week to train employees on bias awareness after an outcry over the arrests of two men in Philadelphia earlier this year.

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