Coffee bean harvest is in full swing this year, creating what may be a surplus of beans, which could led to lower prices. But don't expect your Starbucks prices to come down especially in Europe.
According to an article in Thrillist, of the different locations in 30 countries surveyed, it is in Zurich, Switzerland where Starbucks lovers are set back the most, shelling out $6.96 for a grand latte.
Fox News reports that coffee enthusiasts in Starbucks branches in more developing countries like Manila, Philippines, Buenos Aires, Argentina and Cairo, Egypt, however, enjoy cheaper options even going as low as $1.49 in Rio De Janeiro, Brazil.
Market analysts say coffee beans only make up about 20% of Starbucks' overall costs.
"You'll never really see anyone cut menu prices," says Peter Saleh, an analyst at research firm BTIG, who covers Starbucks.
"You're seeing a pretty big rise in wages, which is the other component of making your coffee," Saleh pointed out.
He has a point. According to CNN Money, States and cities across the country have reportedly been increasing the minimum wage. That affects all stores -- from your local coffee shop to the McDonald's (MCD) and Starbucks of the world.
Starbucks has also begun to pay college tuition for more than 4,000 of its employees in an attempt to raise its profile among prospect workers.
However, it's worth remembering that in 2014, when coffee bean prices were rising, Starbucks(SBUX), Dunkin Donuts (DUNK) and other coffee brewers raised menu prices, citing the increasing cost of the commodity.
Starbucks says its menu prices depend on a variety of factors and a spokesperson declined to discuss future menu prices, citing competitive reasons.
The company recently announced that it will be venturing into the previously untapped Italian market in the coming months.
