{"id":1051503,"date":"2021-11-24T10:00:16","date_gmt":"2021-11-24T15:00:16","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1051503"},"modified":"2021-11-24T10:00:20","modified_gmt":"2021-11-24T15:00:20","slug":"general-mills-to-raise-prices-on-yogurt-cereal-other-foods-due-to-inflation","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/general-mills-to-raise-prices-on-yogurt-cereal-other-foods-due-to-inflation\/","title":{"rendered":"General Mills To Raise Prices On Yogurt, Cereal, Other Foods Due To Inflation"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">26<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fgeneral-mills-to-raise-prices-on-yogurt-cereal-other-foods-due-to-inflation%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1051503&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>Next year, General Mills will raise prices on hundreds of products.<\/p>\n<p>The inflation rate for consumers <a href=\"https:\/\/www.dailywire.com\/news\/breaking-bidenflation-price-increases-soar-to-30-year-high-outpace-economist-predictions\">reached<\/a> 6.2% in the United States during the month of October, and food companies such as General Mills are passing their higher input costs on to consumers.<\/p>\n<p><a href=\"https:\/\/www.cnn.com\/2021\/11\/23\/business\/cheerios-grocery-prices-general-mills\/index.html\">CNN Business<\/a> reported:<\/p>\n<p>General Mills (GIS) notified retail customers that it\u2019s raising prices in mid-January on hundreds of items across dozens of brands. They include Annie\u2019s, Progresso, Yoplait, Fruit Roll-Ups, Betty Crocker, Pillsbury, Cheerios, Cinnamon Toast Crunch, Lucky Charm\u2019s, Wheaties, Reese\u2019s Puffs, Trix and more, according to letters General Mills sent to at least one major regional wholesale supplier last week. <\/p>\n<p>For some items, prices will go up by around 20% beginning next year.<\/p>\n<p>The wholesaler shared General Mills\u2019 letters with CNN Business on the condition of anonymity to protect the company\u2019s 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.<\/p>\n<p>Along with General Mills, Tyson Foods \u2014 the second-largest meat and poultry producer in the United States \u2014 is raising prices to deal with the \u201caccelerating and unprecedented inflation\u201d threatening all of its business units.&nbsp;<\/p>\n<p>\u201cI can\u2019t think of a single thing that has either stayed the same or gone down,\u201d said Tyson chief executive Donnie King, referring to rising input costs.<\/p>\n<p>\u201cThe inflation we incur needs to be passed on,\u201d added chief financial officer Stewart Glendinning. \u201cSome of the inflation for us has been substantial.\u201d<\/p>\n<p>Likewise, Goya Foods CEO Bob Unanue <a href=\"https:\/\/www.dailywire.com\/news\/goya-ceo-says-inflation-is-forcing-company-to-hike-prices\">told<\/a> Fox Business that \u201cinflation is here to stay at least for a good while and everybody has these costs.\u201d He noted that costs for packaging materials \u201chave gone way up\u201d due to the supply chain crisis, while labor shortages force the company to operate \u201cwith less people.\u201d<\/p>\n<p>Over the summer, Nestl\u00e9 chief executive Mark Schneider <a href=\"https:\/\/www.dailywire.com\/news\/worlds-largest-food-company-will-raise-prices-amid-inflation\">said<\/a> that \u201cwhat we\u2019ve seen this year is some kind of a turning point, where after several years of low inflation, all of a sudden it accelerated very strongly.\u201d Though he expressed hope that higher inflation would be transitory, the world\u2019s largest food and beverage company increased prices by 2% to offset cost increases of 4%.<\/p>\n<p>Despite several consumer-facing brands hiking their prices, the United States Census Bureau <a href=\"https:\/\/www.dailywire.com\/news\/consumers-absorb-inflation-as-retail-sales-increase\">announced<\/a> last week that American retail and food services sales rose by 1.7% between September and October.&nbsp;<\/p>\n<p><a href=\"https:\/\/www.wsj.com\/articles\/us-economy-october-2021-retail-sales-11637009365?mod=hp_lead_pos1\">The Wall Street Journal<\/a> reported:<\/p>\n<p>The combination of strong demand, snarled supply chains, higher prices and an unbalanced labor market is making for an unusual holiday season where record sales may be accompanied by shortages and long waits for goods. Inflation may also start to cut into demand for consumers with lower incomes who may put off purchases due to price increases, economists say\u2026<\/p>\n<p>Retail sales figures aren\u2019t adjusted for inflation, so some of the increase can be attributed to higher prices.<\/p>\n<p>Overall, the higher food prices are culminating in a historically expensive Thanksgiving holiday. According to the American Farm Bureau Federation, a lobbying group representing the American agriculture sector, the average <a href=\"https:\/\/www.dailywire.com\/news\/bidens-inflation-farm-bureau-says-thanksgiving-dinner-will-cost-14-more-this-year\">cost<\/a> of a Thanksgiving meal for 10 people will be $53.31 in 2021 \u2014 representing a 14% price hike in a single year. The price of turkey has increased by 24%.<\/p>\n<p>The Daily Wire is one of America\u2019s fastest-growing conservative media companies and counter-cultural outlets for news, opinion, and entertainment. Get inside access to The Daily Wire by becoming a <a href=\"https:\/\/www.dailywire.com\/subscribe\">member<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Next year, General Mills will raise prices on hundreds of products.The inflation rate for consumers reached 6.2% in the United States during the month of October, and food companies such as General Mills are passing their higher input costs on to consumers.CNN Business reported:General Mills (GIS) notified retail customers that it\u2019s raising prices in mid-January on hundreds of items across dozens of brands. They include Annie\u2019s, Progresso, Yoplait, Fruit Roll-Ups, Betty Crocker, Pillsbury, Cheerios, Cinnamon Toast Crunch, Lucky Charm\u2019s, Wheaties, Reese\u2019s 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\u2019 letters with CNN Business on the condition of anonymity to protect the company\u2019s 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.Along with General Mills, Tyson Foods \u2014 the second-largest meat and poultry producer in the United States \u2014 is raising prices to deal with the \u201caccelerating and unprecedented inflation\u201d threatening all of its business units.\u00a0\u201cI can\u2019t think of a single thing that has either stayed the same or gone down,\u201d said Tyson chief executive Donnie King, referring to rising input costs.\u201cThe inflation we incur needs to be passed on,\u201d added chief financial officer Stewart Glendinning. \u201cSome of the inflation for us has been substantial.\u201dLikewise, Goya Foods CEO Bob Unanue told Fox Business that \u201cinflation is here to stay at least for a good while and everybody has these costs.\u201d He noted that costs for packaging materials \u201chave gone way up\u201d due to the supply chain crisis, while labor shortages force the company to operate \u201cwith less people.\u201dOver the summer, Nestl\u00e9 chief executive Mark Schneider said that \u201cwhat we\u2019ve seen this year is some kind of a turning point, where after several years of low inflation, all of a sudden it accelerated very strongly.\u201d Though he expressed hope that higher inflation would be transitory, the world\u2019s largest food and beverage company increased prices by 2% to offset cost increases of 4%.Despite several consumer-facing brands hiking their prices, the United States Census Bureau announced last week that American retail and food services sales rose by 1.7% between September and October.\u00a0The Wall Street Journal reported:The combination of strong demand, snarled supply chains, higher prices and an unbalanced labor market is making for an unusual holiday season where record sales may be accompanied by shortages and long waits for goods. Inflation may also start to cut into demand for consumers with lower incomes who may put off purchases due to price increases, economists say\u2026Retail sales figures aren\u2019t adjusted for inflation, so some of the increase can be attributed to higher prices.Overall, the higher food prices are culminating in a historically expensive Thanksgiving holiday. According to the American Farm Bureau Federation, a lobbying group representing the American agriculture sector, the average cost of a Thanksgiving meal for 10 people will be $53.31 in 2021 \u2014 representing a 14% price hike in a single year. The price of turkey has increased by 24%.The Daily Wire is one of America\u2019s fastest-growing conservative media companies and counter-cultural outlets for news, opinion, and entertainment. Get inside access to The Daily Wire by becoming a member.<\/p>\n","protected":false},"author":99,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1051503","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1051503","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/99"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1051503"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1051503\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1051503"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1051503"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1051503"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}