Starbucks announced that it will charge 5 to 20 cents more for some of its drinks starting Tuesday.
Only last year, Starbucks raised its prices by a similar amount. The company says it tries to "balance the need to run our business profitably while continuing to provide value to our loyal customers and to attract new customers".
Other coffee sellers like J.M. Smucker Co. have announced they will cut prices to consumers because of declines in future prices for unroasted coffee beans.