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The price of the Pumpkin Spice Latte is slated to rise at Starbucks coffee shops across the nation.
Enthusiasts of the popular fall beverage will face costs between $5.45 and $5.95 for a grande-sized cup, according to a report from CNN, marking a 4% 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 Pumpkin Spice Latte, which is returning for the nineteenth year, will be accompanied by a cold brew version, as well as an Apple Crisp Macchiato and Apple Crisp Oatmilk Macchiato.
“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,” the company said in a press release.
According to the Bureau of Labor Statistics, year-over-year inflation reached 8.5% in July 2022, with a slight moderation from the 9.1% reading in the previous month driven by lower energy prices — even as costs for food, new vehicles, medical care, and shelter continue to rise.
