Starbucks to raise packaged coffee price by 17 pct

NEW YORK Wed May 25, 2011 11:04am EDT

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NEW YORK May 25 (Reuters) - Starbucks Corp (SBUX.O) said on Wednesday it will raise its packaged coffee prices in its U.S. retail stores by an average of 17 percent, its first such increase since 2009.

The increase was because of a combination of higher costs in commodities such as green beans and fuel, company spokesman Alan Hilowitz told Reuters.

In Canada, prices will increase an average of 6 percent, he said. (Reporting by Marcy Nicholson)

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