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By Mahita Gajanan
June 7, 2018
Starbucks coffee.
Starbucks coffee.
Zhang Peng—LightRocket via Getty Images

You may have noticed that your cup of coffee from Starbucks just got more expensive.

This week, the coffee chain bumped up prices on all sizes of its coffee by between 10 cents and 20 cents, the Wall Street Journal reports. The cost of a 12-ounce cup of coffee now costs between $1.95 and $2.15. Other Starbucks beverage prices have not increased.

The reason Starbucks’ coffee prices are going up is due to a recent spike in operating costs. Starbucks’ cost of sales, including expenses like rent, also grew 13%, a Starbucks spokesperson told the Journal.

But the price increases are not connected to recovering the estimated $12 million Starbucks lost after the chain shut down its stores on May 29 for employee racial bias training, the spokesperson said. The training was planned in response to the controversial arrest of two black men who were waiting in a Philadelphia Starbucks. The arrests, which caused mass backlash against Starbucks, also prompted the company to change its bathroom policy, allowing anyone to use it even if they hadn’t bought anything.

The price hike comes just days after Howard Schultz announced he was stepping down from as Starbucks’ executive chairman.

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The purpose of this disclosure is to explain how we make money without charging you for our content.

Our mission is to help people at any stage of life make smart financial decisions through research, reporting, reviews, recommendations, and tools.

Earning your trust is essential to our success, and we believe transparency is critical to creating that trust. To that end, you should know that many or all of the companies featured here are partners who advertise with us.

Our content is free because our partners pay us a referral fee if you click on links or call any of the phone numbers on our site. If you choose to interact with the content on our site, we will likely receive compensation. If you don't, we will not be compensated. Ultimately the choice is yours.

Opinions are our own and our editors and staff writers are instructed to maintain editorial integrity, but compensation along with in-depth research will determine where, how, and in what order they appear on the page.

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