The price of the Pumpkin Spice Latte is slated to rise at Starbucks coffee shops across the nation.
According to a report from CNN, the fall beverage will face costs between $5.45 and $5.95 for a grande-sized cup, marking a 4 percent increase since last autumn. The move comes months after former Starbucks CEO Kevin Johnson warned of plans to increase prices due to labor costs and other inflationary pressures.
The company said in a press release, “The first sip of a Starbucks Pumpkin Spice Latte or Pumpkin Cream Cold Brew cues the unofficial start of the fall season for many customers, and Starbucks is celebrating its return alongside a full menu of fall favorites.”
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