Kraft Heinz says people must get used to higher food prices

Miguel Patricio said the international food giant, which makes tomato sauce and baked beans, was putting up prices in several countries.

Unlike in previous years, he said, inflation was “across the board”.

The cost of ingredients such as cereals and oils has pushed global food prices to a 10-year high, according to the UN Food and Agriculture Organisation.

Kraft Heinz has increased prices on more than half its products in the US, its home market, and Mr Patricio admitted that is happening elsewhere too.

“We are raising prices, where necessary, around the world,” he said.

DAWG SAYS: SEEMS THERE IS NO GOOD NEWS THESE DAYS


IF YOU LIKE WHAT YOU SEE AND I DO NOT PUT ADVERTISING UP. DONATION ACCEPTED THROUGH PAYPAL.