News

Inflation Prices Update

Some of your favorite snacks like Oreos and Mac-n-Cheese are going to cost you more next year.

Mondelez CEO said to combat inflation, its plan is to raise prices by 7% on brands like Chips Ahoy, Ritz and Sour Patch Kids.

Kraft sent out letters to distributors indicating plans to raise prices by 16% to 20%. Grocery shopping is now more difficult for one young mom on a budget.

“Having a one-year-old and me being in school myself I have a set price for groceries every week and that’s my budget. Whenever the inflation causes all of the mac-n-cheese to go up a dollar and all these other things my budget gets smaller and smaller and smaller. i’m having to prepare a meal not just for myself but for my toddler,” said parent Madelyn Hinnet.

The companies warned prices on hundreds of its products will go up next year.

Categories: News

Add a comment ...

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s