Major food giants Mondelez, Hershey Co, Nestle SA, Unilever and Coca-Cola Co. have all announced they will need to hike prices in 2019 to offset higher freight and ingredient costs.
Even Kellogg Co., which reported Wednesday, said profits took a hit in the third quarter amid record-high shipping costs. While the company didn’t announce price increases yet, it did say in September that its new flavor of Eggo Waffles had to be priced 12 percent higher than similar ones.
Dirk Van de Put, chief executive for Mondelez International, said earlier this week that at first many retailers were reluctant to accept the increases but now they see the need.
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https://www.foxbusiness.com/features/food-prices-are-going-up-next-year?fbclid=IwAR3tiG4ZMKqSXp90QmHk-SyZz0-s0mDpbnO-VehZUgGQSINqNS4apJIq_Og
3 comments:
Nestle already has been price hiking. Deer park jug of water that used to be a gallon but isn't anymore went up 15 cents months ago.
MAGA
prices are up every week i go though food lion says not. I know what i get on a regular basis keeps going up.
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