Starbucks is Raising Packaged Coffee Price by 17 % - If the largest chain of coffee in the world increases its prices, you know you are taking them seriously.
Starbucks is raising the price of packaged coffee sold in U.S. retail stores an average of 17 %, its first increase since 2009, a spokesman said Wednesday.
Starbucks is the latest company to hike prices, forcing the coffee drinkers to pay more for that cup of joe vitale (or two or three) in the morning.
Eboney and Tyson says Owens noticed the higher price of coffee. Couple was not about to abandon the buzz, but they buy different brands, depending on what you pay for at least four of the best favorite brands - Starbucks, Dunkin 'Donuts, Godiva, and Seattle's Best.
"I'm a fan of Starbucks, I swear by it," Eboney Owens, 32, said during a recent grocery trip to Portland, Oregon
However, if you have anything for sale or a bond that will happen.
"We will not go into the bottom of the barrel, though," Tyson Owens, 31, added.
Starbucks coffee beans and has been available on its website Wednesday of $ 10 to $ 13 a pound for most varieties.
total coffee crop rose 8 percent last year, according to the International Coffee Organization, helped by a large supply of Ethiopia, Ivory Coast and other countries. But this year, some major exporting countries, including Indonesia, the suffering of minor crops due to drought, floods or other weather, which affects prices. Rising coffee prices also has roots in economic growth in China, where up demand for mobile workforce management refueling.
Unlike many other criteria, the coffee often appears relatively safe from a recession, economists say. This is because when money is tight, people can buy cheaper brands of coffee, but it will not completely. Americans consumed 21.7 million bags of 60 kg of coffee in 2008 at the depth of the recession, versus 21 million last year, according to the ICO. Nearly 2.9 million pounds of coffee.