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Message
Kraft-Heinz Announces Additonal Price Increases
Posted on 1/28/22 at 7:09 pm
Posted on 1/28/22 at 7:09 pm
quote:
To wit, Kraft-Heinz (in which Warren Buffett's Berkshire Hathaway owns a big stake) said in a letter to customers that it will raise prices in March on dozens of its most popular products. The hikes will affect brands including Oscar Mayer cold cuts, hot dogs, sausages, bacon, Velveeta cheese, Maxwell House coffee, TGIF frozen chicken wings, Kool-Aid and Capri Sun, CNN reported.
quote:
Increases range from 6.6% on 12oz packs of Velveeta to a whopping 30% hike on a package of Oscar-Mayer turkey bacon. Most cold cuts and beef hot dogs will go up around 10% and coffee around 5%. Some Kool-Aid and Capri Sun drink packs will increase by about 20%.
"As we enter 2022, inflation continues to dramatically impact the economy," Kraft Heinz said in a letter dated January 24 to at least one of its wholesale customers that was viewed by CNN Business. The wholesaler shared the letter on the condition of anonymity to protect the company's relationship with its suppliers.
Kraft Heinz is just the latest consumer manufacturer to announce plans to boost prices early in the year. Last week, P&G said that it would raise prices on Tide and Gain laundry detergents, Downy fabric softener and Bounce dryer sheets by an average of about 8% in February. Conagra, which makes such brands as Slim Jim, Marie Callender's and Birds Eye, has said it plans to raise prices later this year.
quote:
For Kraft-Heinz, this isn't the first time prices have been raised since the start of the latest "transitory" inflation wave. The brand just announced a 9% price hike on its beef, lean beef, hot dogs and some other products back in November.
Posted on 1/28/22 at 7:12 pm to DingLeeBerry
I wonder what ole Brandon will have to say about this?
Posted on 1/28/22 at 7:14 pm to DingLeeBerry
Just left Five Guys with two orders of burgers and fries. $36. Let’s go Brandon.
Posted on 1/28/22 at 7:15 pm to Gifman
Proving why costs can be passed on to the consumer
Posted on 1/28/22 at 7:16 pm to MightyYat
Maybe he’ll blame it on global warming and rich people.
Posted on 1/28/22 at 7:16 pm to DingLeeBerry
quote:
Kraft-Heinz Announces Additonal Price Increases
For the people who voted for the pedophile.
For the people who voted for Trump.
Posted on 1/28/22 at 7:18 pm to DingLeeBerry
This “savings” is fading faster than the vaccine efficacy.
Posted on 1/28/22 at 7:18 pm to wutangfinancial
quote:
Proving why costs can be passed on to the consumer
I didn’t suggest they couldn’t.
Posted on 1/28/22 at 7:19 pm to DingLeeBerry
quote:
hotdogs
Can't wait to hear how, because of inflation, that turkey burgers are the new favorite for July 4th and that's the way to save $1.16
Posted on 1/28/22 at 8:06 pm to DingLeeBerry
Corporate greed and is just transitory they say . Ignorance in policy making leading to destructive policies I say
Posted on 1/28/22 at 8:08 pm to DingLeeBerry
Will they be investigated like gas stations and beef suppliers are for increase in prices due to Bidenflation?
Posted on 1/28/22 at 8:12 pm to DingLeeBerry
I’m still buying Heinz Ketchup. You can’t take that from me. I’ll give up Kraft.
Posted on 1/28/22 at 9:44 pm to DingLeeBerry
Oscar Meyer hot dogs are nasty so don't care.
I wonder if if psaki will circle back on how Warren and Heinz-Kerry are being greedy like the meat producers.
I wonder if if psaki will circle back on how Warren and Heinz-Kerry are being greedy like the meat producers.
Posted on 1/28/22 at 9:48 pm to DingLeeBerry
I quit buying Heinz ketchup long ago. Hunts is fine with me.
Posted on 1/28/22 at 9:56 pm to LRB1967
Noticed Ramen is hard to find anymore around here. Seems like low income folks have started eating way more of it.
Posted on 1/28/22 at 11:19 pm to DingLeeBerry
These are going to be crippling price increases for a lot of the country. But hey, your wages went up!
Seriously though, we have a few posters that have been telling us this was happening and it was a matter of time before the consumer got hit as existing contracts expired. I know that in our industry we were hit with multiple increases last year. We did a good job in protecting our clients but now we’re finally passing some of the increases along. Good luck to everyone, this is gonna be a rocky year as a consumer.
Seriously though, we have a few posters that have been telling us this was happening and it was a matter of time before the consumer got hit as existing contracts expired. I know that in our industry we were hit with multiple increases last year. We did a good job in protecting our clients but now we’re finally passing some of the increases along. Good luck to everyone, this is gonna be a rocky year as a consumer.
Posted on 1/28/22 at 11:19 pm to DingLeeBerry
quote:
The hikes will affect brands including Oscar Mayer cold cuts, hot dogs, sausages, bacon, Velveeta cheese, Maxwell House coffee, TGIF frozen chicken wings, Kool-Aid and Capri Sun
Posted on 1/28/22 at 11:26 pm to Gifman
quote:
Just left Five Guys with two orders of burgers and fries. $36. Let’s go Brandon.
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