(PHILLY.COM) Starbucks (SBUX) may have just given its legion of caffeine addicts a nice early holiday gift -- another price increase.
It's not too hard to figure out why Starbucks may have lifted prices again. For starters, sales growth has slowed in the U.S., so a price increase would go a long way to pumping up sales.
According to receipts for a venti red eye coffee with one shot of expresso from several New York City Starbucks locations starting on Nov. 17, we paid $5.17, a 6.8% increase from the week prior. As late as Nov. 14, the same drink cost $4.84. "Prices on all the coffee, frappuccinos, everything went up after Election Day," said a barista TheStreet spoke with about the higher price for our morning java.
Advertisement - story continues below