Starbucks to raise prices as much as 20 cents a drink

Starbucks says it's hiking prices again starting Tuesday, with the increases ranging from 5 to 20 cents for most affected drinks.

The average ticket price to increase by about 1 percent as a result of the price changes. the Seattle-based company said, adding that less than 20 percent of its customers will be impacted.

Starbucks also raised prices nationally about a year ago.

A small and large brewed coffee will each go up by 10 cents in most areas of the country, Starbucks says. That would bring the price of a large coffee to $2.45 in most U.S. stores.

Some other coffee sellers are cutting prices. Last week, The J.M. Smucker Co. said it would cut prices for most of its coffee products because of declines in future prices for unroasted coffee beans.

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