The Breakdown

Explaining Southern California's economy

Starbucks price hike: You will pay 10 cents more for your latte!

But only if you live in the Northeast or the "Sunbelt." Southern California will be spared. For now.

I hate to admit this, but I missed the spike in coffee bean prices in 2011. The commodity is now up 42 percent on the five-year average, according to Bloomberg (which also provided the video report on Starbucks that I've embedded above).

Why do I hate to admit this? Because I can't live without coffee. I guess the issue here is that I've been drinking such el cheapo coffee for the past year that I didn't notice. I certainly wasn't closely following the coffee futures market.

Now, I suppose you could take the 10-cent Starbucks price increase, on beverages like lattes and brewed java, as the perfect opportunity to do what those pop personal-finance folks are always counseling you to do, particularly at the beginning of a new year: Quit buying lattes at Starbucks and start investing your savings. 

You're not going to get rich. But as this calculator shows, you'll have close to 10 grand in ten years.

Follow Matthew DeBord and the DeBord Report on Twitter.

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