Starbucks Bumping Prices Up
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MIAMI (CBSMiami) - Bad news for coffee lovers who rely on Starbucks for their morning cup of Joe or Salted Caramel Mocha Frappuccino.
Prices are going up next week. The coffee shop chain confirms that prices on select beverages will go up starting July 12th.
Although they aren't saying by how much, a recent computer glitch caused the new prices to temporarily take effect. Some items went up as much as 30-cents.
Last year, the company last year raised prices of some drinks from between 5 cents and 20 cents. The year before, it raised prices by a similar amount.
In January, CNN reported prices for coffee beans were at their lowest point in nearly two years.
