Starbucks ups prices in PH
Your daily Starbucks fix will get more expensive by up to 8 percent starting this week as the coffee giant company succumbed to inflationary pressures being felt in the Philippines.
In a statement on Tuesday, Starbucks said that the 3 percent to 8 percent price hike is part of a periodic increase by the company. This will translate to an additional P5 to P10 per drink.
“We periodically evaluate pricing to balance our need to run the business profitably while providing maximum value to our loyal customers and to attract new customers,” the company said.
Starbucks gave away free beverage upsize yesterday because of the hike.