Starbucks to raise its prices beginning Oct. 6

Reuters News Service

SEATTLE - Starbucks will raise its beverage prices by 11 cents a cup on average starting Oct. 6, the world's largest coffee-shop chain said Tuesday.
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The price hike would be the first by the Seattle-based company since August of 2000.

Starbucks said the higher cost of milk and green coffee beans for its espresso-based coffee drinks played a role in its decision.

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