SEATTLE (AP) — Starbucks says it’s increasing prices slightly on brewed coffee, espresso and tea latte beverages.
The Seattle-based coffee chain says prices on select sizes of brewed coffee in U.S. company-operated stores are jumping 10 to 20 cents Tuesday, while prices on espresso and tea latte beverages will rise 10 to 30 cents.
The company says in a statement that pricing in stores is “continually evaluated on a product-by-product and market-by-market basis in order to balance business needs.”
The price jump comes a day after Starbucks announced it would boost the base pay of all employees and store managers at U.S. company-run stores by 5 percent or more.
The company didn’t immediately return a request for comment on whether the price increases are related to the wage hike.
Copyright 2018 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.