StackerKen
19th September 2010, 09:17 AM
Food-makers ready to raise prices
Kraft, Sara Lee responding to increases in commodity costs
By Emily Bryson York, Tribune reporter
6:34 p.m. CDT, September 17, 2010
With the cost of commodities such as wheat and eggs on the rise, food manufacturers are making it clear they won't be eating the increases alone. Prices will rise for consumers, too.
The Consumer Price Index for food rose 0.2 percent in August after falling in July. Prices on fruits, vegetables, cereal and baked goods led the charge, up 0.4 percent, after months of declines.
Two years ago, in the wake of wild commodity cost increases, manufacturers were able to push through their first meaningful consumer price increases in many years.
<EXCERPTED - CLICK ON THE LINK FOR THE REST OF THE STORY>
http://www.chicagotribune.com/business/ct-biz-0918-food-prices-20100917,0,5208333.story
Kraft, Sara Lee responding to increases in commodity costs
By Emily Bryson York, Tribune reporter
6:34 p.m. CDT, September 17, 2010
With the cost of commodities such as wheat and eggs on the rise, food manufacturers are making it clear they won't be eating the increases alone. Prices will rise for consumers, too.
The Consumer Price Index for food rose 0.2 percent in August after falling in July. Prices on fruits, vegetables, cereal and baked goods led the charge, up 0.4 percent, after months of declines.
Two years ago, in the wake of wild commodity cost increases, manufacturers were able to push through their first meaningful consumer price increases in many years.
<EXCERPTED - CLICK ON THE LINK FOR THE REST OF THE STORY>
http://www.chicagotribune.com/business/ct-biz-0918-food-prices-20100917,0,5208333.story