Starbucks faces criticism over menu price hikes

Starbucks says that it needs to raise prices due to inflation and supply chain issues even after it posted a record of $8.1 billion in sales during the last quarter and a jump in profit of 31 percent. Critics such as Dan Price, CEO of Gravity Payments, says that companies like Starbucks are "are doing a great job rebranding corporate greed as 'inflation.'"