Starbucks Raising Prices

(Undated) -- Prices are going up at Starbucks. The coffee giant announced on Friday that it's raising prices on some, but not all drinks by five cents to 20 cents. The price of a twelve ounce bag of coffee is also going up one dollar, from $8.99 to $9.99. Starbucks executives aren't giving any reasons for the price hikes, but it's no secret coffee bean prices have skyrocketed in recent weeks. The new prices begin on Tuesday.