The next time you go to Starbucks, you may notice a hike in the price of your favorite beverage.

The Starbucks price hike will take effect Tuesday, July 7th. The prices to go up include the tall and venti mocha latte in most markets. The hike is between 15 - 20 cents. Another price hike to take place will be 10 - 20 cents more for a Grande and Venti brewed coffee with no increase on the Grande latte, tall brewed coffee and Frappuccino drinks in most stores.

Small and large brewed coffee will go up by ten cents bringing the new cost up to $2.45 in most U.S. stores. A Starbucks rep noted that prices on food items will remain the same. No comments have been made on the price hike but Starbucks is confident that the small price hike will not affect the number of customers they receive daily within their 11,563 locations.