Uh-oh: Starbucks Raising Prices Today

Uh-oh: Starbucks Raising Prices Today

I don't know about you, but I need my morning fix. My jolt. My buzz.

You know ... my Starbucks coffee.

Unfortunately, the 'Bucks is making it ever-so-slightly harder for me to justify this daily habit now that they've raised their prices, effective today. As multiple news sources are reporting, the popular coffee brand is raising prices nationally—by an average of 1%—on brewed coffees, tea, lattes and espresso drinks, leaving medium and large coffee prices, as well as Frappuccinos, the same in most of Starbucks' U.S. stores.

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According to one source, that means small brewed coffee prices will probably increase by about 10 cents, while other, more expensive drinks will probably see even larger increases.

The price increase is the first in almost two years for Starbucks, although it does come at a time when the price of coffee beans has been dropping. Spokesman Jim Olson pointed to the rising cost of labor, raw materials and rent as the cause for the price spike.

What do you guys think? Will this change how much coffee you buy from Starbucks?

RELATED: 5 Ways to Save Money During Your Morning Routine 

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