Several big-name grocery food brands recently raised their prices this month, making quite a few kitchen staple foods more expensive.
Back when inflation was up by 7% at the beginning of the year, Mondelez announced that it would raise the price of its products like. The news came after it said in November 2021 it would raise prices in January 2022 by around 7% to offset inflation.
"[Suppliers] don't have enough for all their customers, so they basically say you'll have to pay what I tell you to pay," Dirk Van de Put, Mondelez's CEO, toldThe price of oats and other raw materials in addition to devastating harvests means that the oat milk brand Oatly is going to raise the prices of its products. CFO Christian Hanke detailed the plan in thethat while shoppers in the U.S.
"We are seeing higher costs, raw materials, logistics and energy globally as well as labor inflation. We are strategically taking price increases in EMEA and the Americas to help offset a portion of these higher costs," he said."Price increases are already in effect in certain markets in [Europe, the Middle East, and Africa] and we will begin to see the benefit of price increases in the Americas starting in the second half of 2022.
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