Posted by on October 12, 2021 4:01 pm
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Categories: Breaking News Epoch Times News

Kraft Heinz CEO Warns Shoppers: ‘Get Used to Paying More for Food’ Over Inflation

The CEO of Kraft Heinz, Miguel Patricio, warned that around the world and in the United States, people will have to get used to higher food prices due to “across the board” inflation. “We are raising prices, where necessary, around the world,” he told the BBC, adding that his firm has increased prices on more than half its products in the United States, Kraft Heinze’s home market, in recent days. The firm—famous for making tomato ketchup, baked beans, and macaroni and cheese—is dealing with a rapid increase in agricultural costs, including oils and cereals. The surge has pushed the global food price index to a decade high, according to September data released by the United Nations. “Specifically in the UK, with the lack of truck drivers,” Patricio said, explaining why there is a surge in food price increases. “In [the] U.S., logistic costs also increased substantially, and there’s a shortage of labor …

Originally appeared on The Epoch Times

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