Business and Industry

Starbucks Lowering Coffee Prices

Only for the bagged stuff, though

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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.