POLL: Will Starbucks' Price Hike Change Your Coffee-Drinking Habit?

Are you willing to pay 10 cents more for your "tall" coffee from Starbucks?

According to an announcement from the Seattle-based coffee company, New York and the greater Northeast—along with much of the Southwest—will experience price hikes of about 1 percent on the smallest size cup.

The AP quotes a company spokesman stating higher costs are the reason. That same story says the last across-the-board price increase was in 2007.

But only some drinks will be pricier—apparently the next size up, "grande,"—or medium—remains unchanged.

Areas unaffected by this new change, including Florida, California and the Midwest, apparently had their prices raised in the fall.

The Christian Science Monitor says the increase comes at a time when inflation appears to be heating up. The Monitor quotes US Bureau of Labor Statistics: During the past 12 months, food prices in the US increased an average of 4.6 percent, and overall consumer prices went up 3.4 percent.

According to the Wall Street Journal, Starbucks increased the price of its packaged coffee in double digits across the board—17 percent in its cafes and 12 percent at other stores.

So, given that context, how will you respond to Starbucks' price hikes?