Just in time for 4th of July picnics, sucking down the sweet elixirs spewed out by Coca-Cola is about to get a little pricier. Citing the rising cost of commodities, the bottling giant announced it's going to raise prices 2-3% in July.
The move follows a 2% increase earlier this year and Pepsico saying earlier this month that they would raise costs to retailers 3-5% between July and September.
Now that the market leaders have moved, expect similar increases from the smaller fry, like the Dr. Pepper Snapple Group.
It's better than them coming out with new thimble-sized "Coke shots" and still charging $1.99 for them.
Soft Drink Prices Rise, Following Other Food and Beverage Hikes [Seeking Alpha]
1 comment:
GA, soft drinks aren't the only things going up. I bought paint yesterday and it was over $30 a gallon. And that was the cheap stuff. I was told that there were recent price increases and they were told another one was coming next month. About 20%. Thats insane. Inflation is on it's way. Is hyperinflation next?
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