You can now read 10 articles in a month for free on BostonGlobe.com. Read as much as you want anywhere and anytime for just 99¢.

Starbucks hiking prices on drinks, bagged coffee

Gene J. Puskar/Associated Press

NEW YORK — Starbucks is raising prices on some of its drinks by 5 cents to 20 cents starting next week, and customers can also soon expect to pay $1 more for the packaged coffee it sells in supermarkets.

The latest hikes don’t seem to be driven purely by the surging bean costs that have pressured other coffee sellers to raise prices, however, since Starbucks has said it already locked in its coffee contracts for the rest of this fiscal year and much of the next.

Continue reading below

In an e-mail Friday, Starbucks spokesman Jim Olson noted that many factors go into pricing decisions, including ‘‘competitive dynamics’’ and the company’s ‘‘cost structure,’’ which he said includes costs for a variety of ingredients, as well as materials, labor, and occupancy costs.

Loading comments...

You have reached the limit of 10 free articles in a month

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week