action datsun/flickr
The ubiquitous coffee shop you love to hate, Starbucks, recently raised their prices on certain coffee drinks in certain regional markets, citing rising costs in commodity and fuel prices as an explanation. The most notable price hike falls on the head of the Tall, or small, brewed coffee which will cost 10 cents more than it did before.
Starbucks explanation, that commodity prices forced their hand, seems a bit specious.
Slates economics writer, Matthew Yglesias, used the example of Starbucks price hike as a way of explaining why we need commodities speculators. S
