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Prices For Oreo Cookies And Other Candy Have Risen As A result of Inflation
Posted
November 18, 2021
Views
21
Likes
2
Engagement
9.52%
November 18, 2021
21
2
9.52%
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1:06Now PlayingThe next victim of inflation is Oreo cookies! Check out the video to learn more!
Welcome back to Bold TV with Katelyn Quisenberry. Be sure to like, comment, and subscribe to Bold TV for all things Bold.
According to Mondelez, Oreo cookies, Ritz crackers, and sour patch kids are seeing the effects of inflation and will continue to see a price increase yearly. Mondelez expects to raise its prices by 7% in the US to combat rising inflation costs.
Inflation is the measure of rates and rising prices on goods and services. It happens when prices rise from higher production costs. In the case of the cookie and candy industry, the cost of production is rising from the lack of raw materials, transportation, and wages.
General Mills CEO Jeff Harmening says consumers could cut back on food spending if companies raise their prices too far.
Would you stop paying for Sour Patch or Oreo cookies if they got too expensive? Let us know in the comments below!
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