The coffee chain Starbucks says it will raise the prices of its drinks by 3 to 8 percent—equivalent to P5 to P10 per serving—in all its stores nationwide.
The new prices will be charged beginning this week, and will mark the first time that the chain has increased its prices since December 2016.
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“As part of our comprehensive approach to providing value and the Starbucks Experience, we periodically evaluate pricing to balance our need to run the business profitably while providing maximum value to our loyal customers and to attract new customers,” Starbucks Philippines said on Tuesday.
The prices of Starbucks drinks range from ₱110 to ₱200.
