Breakfast is going to be more expensive next year
By Nathaniel Meyersohn, CNN Business
Updated 10:35 AM ET, Tue November 23, 2021
Full article here:
https://www.cnn.com/2021/11/23/busin...lls/index.html
New York (CNN Business)Expect to pay more for some of your favorite cereals, snacks, soups and cooking brands next year.
General Mills (GIS) notified retail customers that it's raising prices in mid-January on hundreds of items across dozens of brands. They include Annie's, Progresso, Yoplait, Fruit Roll-Ups, Betty Crocker, Pillsbury, Cheerios, Cinnamon Toast Crunch, Lucky Charm's, Wheaties, Reese's Puffs, Trix and more, according to letters General Mills sent to at least one major regional wholesale supplier last week.
For some items, prices will go up by around 20% beginning next year.
The wholesaler shared General Mills' letters with CNN Business on the condition of anonymity to protect the company's relationship with its suppliers. A leader at the company said it plans to push along all of the increases to its grocery and convenience store customers. He expects they will then pass them down to shoppers.
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