Thursday, November 4, 2021

Kraft To Raise Prices On Hundreds Of Items, Ditto Mondelez (KHC; MDLZ)

Via Yahoo Finance:

Kraft Heinz, Mondelez Plan to Hike Prices for Popular Snacks and Sweets amid Rising Inflation: Report

Kraft Heinz and Mondelez plan to raise prices on a number of their classic consumer favorites for retail customers beginning next year due to strong demand, supply constraints and rising production costs.

In a letter to a regional distributor to grocery stores obtained by CNN Business, Kraft Heinz said it plans to raise prices on hundreds of items beginning on January 9, including varieties of Jell-O gelatin and pudding, which will jump from anywhere between 7 percent and 16 percent, and Bagel Bites frozen snacks, which will see an increase of roughly 10 percent. Meanwhile, Cool Whip topping varieties will see an increase of 7 to 10 percent. The cost of EZ Mac will rise 3.5 percent, while a 7.25-ounce dish of Kraft Big Bowl Mac & Cheese will see a 20 percent price hike....

.... Mondelez said several varieties of Toblerone bars will see a price increase of about 7 percent....

....MUCH MORE

There are some among us who will see this as a declaration of war. For them we have on offer: 

Grow Your Own Chocolate Tree Indoors (Even In Cold Climates)