Starbucks Raising Prices on Brewed Coffee and Lattes
Reasons for the increase include higher wages and higher rent.
The new prices will increase the cost of an average order by about 1 percent.
The Wall Street Journal says, "drinks affected will vary by market, but in most stores, prices will increase for tall, or 12-ounce, and venti, or 20-ounce, brewed coffee, as well as grande, or 16-ounce, latte."
The price increases will vary from 5 to 20 cents and begins on Tuesday, July 7.