Did Starbucks Raise Prices 2024. A new $20 minimum wage for fast food workers took effect in california on monday, prompting some chains like starbucks to raise prices. Starbucks is able to avoid raising prices for customers because of its purchasing strategy, ceo kevin johnson explained during a tuesday analyst call.

Retail workers by at least 3% from 2024, it said on monday as it plans to expand its store count amid strong demand. Restaurant chains and california franchisees are making the tough decision to increase prices.