This Huge Food Company Is Raising Its Grocery Prices Next Month — Eat This Not That

  • 📰 EatThisNotThat
  • ⏱ Reading Time:
  • 67 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 30%
  • Publisher: 63%

Business News News

Business Business Latest News,Business Business Headlines

Some items on your shopping list are about to get even more expensive.

However, the snack aisle isn't the only aisle at your local

where price tags are increasing. Kraft Heinz is also about to hike prices, meaning items are about to get more expensive storewide. In fact, it's the second time in only a few months that the company is doing so.In a letter, Kraft Heinz told customers that the prices of certain household staples would go up between 6.6% to 30%. The company said the increases were the result of"constrained supply, logistic bottlenecks and weather-driven crop losses.

To put things into perspective, the current inflation rate is about 7% higher than it was a year ago .If your grocery list includes Velveeta or Oscar Mayer meats, get ready to divvy up more for these items in the coming weeks, according to"The increases range from 6.6% on 12 oz. Velveeta Fresh Packs to 30% on a three-pack of Oscar Mayer turkey bacon," the outlet's Nathaniel Meyersohn reports."Most cold cuts and beef hot dogs will go up around 10%.

Maxwell House java is reportedly going up around 5%, while certain Capri Sun and Kool-Aid options are increasing by 20%.that the company was creating larger package sizes for certain products and making others more affordable, that doesn't ensure your next trip to the supermarket will be as cheap as it was in the days prior to the pandemic. For some handy money-saving tricks,

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 294. in BUSİNESS

Business Business Latest News, Business Business Headlines