Keurig to hike prices for K-Cups

(NEWSCHANNEL 3) - That K-Cup is about to get a little more costly.

Keurig Green Mountain said Thursday it plans to hike prices by 9-percent for the K-Cup packets used in its signature brewing system.

The company also plans to raise prices of bulk coffee and other products beginning in November.

It said the decision is in "direct response" to the higher cost of coffee, which includes a nearly 55-percent rise in "green coffee prices."