Starbucks to Raise Prices 11 Cents a Cup
From Bloomberg News
Starbucks Corp., the largest U.S. chain of coffee shops, will raise its prices an average 11 cents a cup in North America, the first increase since August 2000, to cover higher costs for coffee and health insurance.
The increase will take effect Oct. 6, a spokesman said.
Shares of Starbucks fell 66 cents to $44.38 on Nasdaq.
