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Starbucks to Raise Prices Tuesday

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Your Starbucks drink may cost you a little more Tuesday.

Starbucks Corp. plans to raise prices by an average of 1 percent on some of its beverages, according to The Wall Street Journal.

The company said the new pricing is due to increasing rent, labor and competitive dynamics.

Less than one-third of the drinks will see an increase. In markets where the price of a tall brewed coffee is changing, customers will see an increase of 10 cents.

This is the first price change for Starbucks in nearly two years for some markets.

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