Zimbabwe Ben Comes For My Grande Quadruple Black Eye
DAMN YOU, BERNANKE!!! Is nothing sacred!?
Starbucks confirmed Wednesday it will raise the prices for bagged coffee sold at its U.S stores by 17%, and 6% at its Canadian locations, effective July 12.
Its move comes a day after J.M. Smucker raised prices for the fourth time in the past year. Smucker, which sells Folgers, Dunkin Donuts and Millstone, is upping those prices by 11%.
Starbucks is raising prices for a 16-ounce bag of coffee at its U.S. stores to a range of $11.95 to $14.95. It is the first price increase since September 2009. The last time Starbucks rose prices for bagged coffee at its Canadian locations was in October 2007.
The Seattle company last year raised prices for some of its drinks to counter rising costs for milk and unroasted beans. And on March 18, Starbucks upped the price of its bagged coffee sold at supermarkets.
Not too long ago, I warned JDA readers that it was a good time to decouple from our vices as the pain train was headed straight for us and no one wants to have to quit cold turkey when it arrives. Hopefully you heeded my advice then, dear reader, and did a little personal housekeeping to clean up your dirty (read: costly) habits.
Train, meet face. Ouch.