Check the price tag before grabbing a bottle of ketchup for your barbecue | CNN Business

Planning on squirting some ketchup on your hot dog at a barbecue this weekend? You may be seeing red. A 32-ounce bottle of ketchup went from $4.08 on average the week of May 16, 2022, to $5.22 in the week of May 15, 2023, according to Datasembly, which measures weekly changes in grocery prices at over 150,000 US stores for its Grocery Price Index. That’s a jump of nearly 28%. Other condiments are also pricey.

NIQ’s own data shows that in the week through April 30, ketchup prices were up about 14% year-over-year. Ingredient, labor and fuel prices all factor into the overall costs of consumer packaged goods companies, which make items like ketchup and buns. And some companies have also used inflation as cover to raise their own profits. Save on meat, splurge on ketchup Retailers are strategic about pricing ahead of holidays.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Old Town bakery surprised with $10K check from 'GMA's' 'Up in Your Business' series'My knees buckled; I kind of wavered, and I was about to go down. She basically had to hold me up because I was gonna go down. That's how surprised I was.'
Source: ABC7Chicago - 🏆 284. / 63 Read more »

Virgin Galactic launches high-stakes flight carrying passengers to the edge of space | CNN BusinessVirgin Galactic — the space tourism company founded by British billionaire Richard Branson — has returned its supersonic plane to the edge of space for the first time since 2021, when Branson made his own venture toward the cosmos.
Source: CNN - 🏆 4. / 95 Read more »

Americans' outlook on retirement darkens to an 11-year low | CNN BusinessIn the latest sign of economic pessimism, Americans are growing increasingly concerned they won’t be able to retire comfortably, according to a Gallup survey shared first with CNN on Wednesday.
Source: CNN - 🏆 4. / 95 Read more »

Germany falls into recession as consumers in Europe's biggest economy spend less | CNN BusinessGermany has slipped into recession as last year’s energy price shock takes its toll on consumer spending.
Source: cnni - 🏆 326. / 59 Read more »