Business and Industry

Starbucks Lowering Coffee Prices

Only for the bagged stuff, though


Starbucks is lowering the list price of its bagged coffee to stay competitive as commodity costs ease across the industry.

The Seattle-based chain says 12-ounce bags of its whole and ground coffee will be $8.99, down from $9.99.

The list price is a suggestion, and retailers are free to charge what they want, so customers may not see a change. Retailers will pay a lower price.