Many food manufacturers say they plan to raise prices in 2022 for a range of products from macaroni-and-cheese to snacks, the latest sign that consumers will continue to face higher costs at the supermarket.
“There’s nothing immune from price increases,” said Tony Sarsam, chief executive officer of food retailer and distributor SpartanNash Co. SPTN 3.63% , adding that produce, dairy and packaged food such as bread and juice are among many items set to become more pricey next year.
Food prices are estimated to rise 5% in the first half of 2022, according to research firm IRI, though the level of increases will vary by grocers and regions.
Mondelez International Inc. MDLZ 0.89% said recently that it was raising prices across cookies, candy and other products sold in the U.S. by 6% to 7% starting in January. General Mills Inc. GIS 0.11% and Campbell Soup Co. CPB 0.52% said their price increases also would take effect in January. Kraft Heinz Co. KHC 0.51% told retailer customers that it would raise prices across many of its products including Jell-O pudding and Grey Poupon mustard, with some items going up as much as 20%, according to a memo viewed by The Wall Street Journal.
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