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Entries in Price Increase (3)

Wednesday
Jan042012

Starbucks to Hike Prices in the Northeast, Sunbelt

Starbucks Corporation(SEATTLE) -- If your a fan of Starbucks coffee, get ready to dig deeper into your pockets because the price of their java is going up in certain regions.

The Seattle-based coffee chain is hiking up prices at Northeast stores and locations in the Sunbelt, although California and Florida are spared for now.

Starbucks says the costs of "coffee, fuel and other commodities" are rising so they have to pass the increases onto their customers.

According to the company, some items will increase by an average of 1 percent.  Tall brewed coffees in New York City, for example, will cost 10 cents more.  Other items, like grande brewed coffees, will not go up in price.

These latest prices increases follow ones that already affected Starbucks stores last November in the Pacific Northwest, California, the Midwest and Hawaii.

Economists believe these changes could hurt Starbucks, which has been on the rebound over the past year after the recession changed the coffee drinking habits of consumers.

Copyright 2012 ABC News Radio

Friday
Jun242011

Coca-Cola to Raise Soft Drink Prices Next Month

Justin Sullivan/Getty Images(ATLANTA) -- Coke drinkers can soon expect to pay more.  The Coca-Cola company plans to increase prices on its soft drinks by three to four percent at the end of July.

Beverage Digest first reported the price increase, which will vary depending on the brands and packages, but Coca-Cola confirmed the news Friday.

A company spokesman said Friday that the increase is to keep pace with the rising costs of commodities.

The price change will take effect July 31.

Copyright 2011 ABC News Radio

Tuesday
Jan252011

McDonald's Likely to Increase Prices of Some Menu Items

Photo Courtesy - Tim Boyle/Getty Images(CHICAGO) -- The next time you buy a burger at McDonald's it may cost you more.

The Illinois-based fast food chain announced Monday that it may increase the price of some menu items to offset the rising cost of ingredients, according to the Chicago Tribune.  The average price the company pays for beef, chicken, cheese and other of its most-used ingredients is projected to rise anywhere from 2 to 2.5 percent this year.

"As commodity and other cost pressures become more pronounced as we move throughout the year, we will likely increase prices to offset some, but not necessarily all, of these cost increases," McDonald's Chief Financial Officer Pete Bensen said.

McDonald's said that the price hikes would not affect their entire menu, only select items, and that it would be considerate of its consumers and affordability, especially since the country is still working its way out of a recession.

Also on Monday, the company reported its fourth-quarter profit, which rose two percent to $1.24 billion.

Copyright 2011 ABC News Radio







ABC News Radio