Favorite foods about to get more expensive...

[left-of-center2012]

The makers of top food and consumer goods brands plan to raise prices in the spring, dashing shoppers' hopes for a quick drop in their grocery bills. Kraft Heinz (KHC) said in a recent letter to its customers that it will raise prices in March on dozens of products, including Oscar Mayer cold cuts, hot dogs, sausages, bacon, Velveeta cheese, Maxwell House coffee, TGIF frozen chicken wings, Kool-Aid and Capri Sun drinks.

The increases range from 6.6% on 12oz Velveeta Fresh Packs to 30% on a three-pack of Oscar Mayer turkey bacon. Most cold cuts and beef hot dogs will go up around 10% and coffee around 5%. Some Kool-Aid and Capri Sun drink packs will increase by about 20%.

"As we enter 2022, inflation continues to dramatically impact the economy," Kraft Heinz said in a letter dated January 24 to at least one of its wholesale customers that was viewed by CNN Business. The wholesaler shared the letter on the condition of anonymity to protect the company's relationship with its suppliers.

Kraft Heinz is the latest consumer manufacturer to announce plans to boost prices early in the year. Last week, Procter & Gamble (PG) said that it was raising prices for its retail customers by an average of about 8% in February on Tide and Gain laundry detergents, Downy fabric softener and Bounce dryer sheets. Conagra (CAG), which makes such brands as Slim Jim, Marie Callender's and Birds Eye, recently said it will raise prices later this year as well.

If retailers decide to pass on any of the increased costs, these items will be more expensive for shoppers in stores. US consumer prices rose 7% annually in December, the steepest climb in 39 years.

https://www.cnn.com/2022/01/26/business/oscar-mayer-hot-dogs-velveeta-cheese-kraft-heinz/index.html

[Shermann]

1. Oh snap those are all foods I eat!

Maybe this is my wake-up call to eat healthier. I don't see kale and yogurt on the list.

[Samrob]

2. They don't need to do this to make a still obscene profit, but they will.

Because they can.

[EX500rider]

17. What do you consider "obscene profit"?

Kraft Heinz net profit margin as of September 30, 2021 is 8.76%.

[bcool]

3. Raise 'em while ya can

Hmmm...US consumer prices went up by 7% per annum but they're raising some prices 10, 20, and 30%?

Methinks some are taking advantage of the inflation hoopla to jack up their prices beyond what they really need so they can make a bigger profit going forward...hoping that no one will notice.

And, a side benefit for the corporations...the Democrats will pay at the polls even though it's not their fault.

[Jerry2144]

4. I thought you said

That they were raising prices on food. They aren’t. They’re raising prices on crap that they call “food”

[mikeysnot]

23. thank you...

shop the perimeter...

[marie999]

5. Velveeta is not a cheese.

[OilemFirchen]

9. From memory:

"Pasteurized processed imitation cheese food substitute".

[mahina]

15. None of what's listed is food.

At least not to me. Being consumable isn’t the only criteria, but has to actually support nutrition and sustain health. But others’ definitions vary.

[ret5hd]

27. Well, coffee (but never ever maxwell) ...

definitely supports the health and well being of those around me. As in, I will allow them to live another day if I get my coffee.

(concerning maxwell coffee: my god that swill is terrible. I’m no coffee snob, I drink Folgers regularly. But that maxwell stuff is the most foul tasting swill that has ever touched my lips!)

[mahina]

29. Lol

Read you.

[slightlv]

6. It's not just food and food products

it's laundry soap and other stuff we need. Yeah, we'll go with off brands, no doubt. And probably be disappointed. Some of us can't do that because of skin sensitivities and allergy/immunity problems. It gets difficult to find what you can use and not suffer from, yet not break your checkbook.

No wonder the food pantries can't keep stocked. This keeps up, it may force us to go for the first time ever. Our SS checks only go so far, and whatever "raise" we get as a COLA ain't gonna cover this crap.

We need another stimulus check for a few months to get us thru until things settle back down. These companies are taking complete advantage of everything. And I think a good deal of it is pointed towards making Biden look bad.

[left-of-center2012]

7. "We need another stimulus check for a few months ..."

Agreed. But I don't see it getting through Congress again.

[dameatball]

8. I don't buy any of those except sometimes Capri Sun when the grandkids visit.

[BlackSkimmer]

10. None of those are anything I ever buy, but prices on everything seem to be increasing.

I now buy human stuff for treats for my dogs. Jerky, marked down steaks, hot dogs.

Dog treats have skyrocketed.

[left-of-center2012]

12. Jerky ?

Isn't that high in sodium, salt?

[BlackSkimmer]

18. I get them a low sodium brand, turkey.

They don’t get jerky often. God knows what’s in the dog treats.

They prefer steak.

[NCjack]

11. Looks like I will be returning to survival methods my parents used to

provide for me and my siblings during WWII.

[marie999]

14. My aunt worked for a meat packer, so we always got the best horse meat.

[BlackSkimmer]

19. You were alive during WW2?

My mother and father were too, and they both died 80s and 90s.

Congratulations! Any hints?

[left-of-center2012]

21. Y knot ?

I was born in '46 and am 75.
So someone near or in their 80's were around during WW II.

[BlackSkimmer]

22. My father was 14 when the war ended.

That’s why I’m impressed.

He died at 83 in 2012. Mom was 18 when it ended. Born the same year as the Queen. Died in 2017 at 90.

Anyone alive now, who remembers the war, is doing well!

[justhanginon]

28. Born in '36. I still remember, I think it was VE Day, the kids in the

neighborhood staged an impromptu parade. We beat on garbage can lids and anything else that would make noise and marched around our neighborhood. Remember food ration stamps and saving tin foil from cigarette packs. Long time ago!

[NCjack]

30. I was born in 1940. My Mom was more educated than my Dad -- she completed the

sixth grade and after that became a full-time family farm employee.

At 17, she ran away to Corpus Christi, met and married my Dad. She could stretch a food budget. For breakfast: biscuits, eggs, and bacon. Lunch: left-over biscuit-egg sandwich. Supper: Red beans, fat back, and cornbread. Everyone bathed on Saturday and clothes were washed, if she had the money. If not, skip washing until the money was there.

Food was supplemented by walking through the neighborhood everyday and taking note of gardens that need work. She would take garden produce as payment. Same for noting fruit trees that were ready. And, in Gulf Coast Texas at that time, you could always find fresh pecans that had dropped.

And, much more.

For our family, the 1930s depression ended about 1950.

[luvs2sing]

13. Bacon has already gone up..

50% in the last six months. Some crazy things, like canned hominy, are more than double what they cost in Feb 2020. The fizzy water I used to buy is up 35%.

We don’t use a whole lot of processed foods, but you know it’s going to trickle down to the real food..and we don’t have a lot of wiggle room. My average grocery bill is over $100 more than a year ago.

[MerryBlooms]

16. We don't buy those food brands, but our grocery

Costs have definitely increased. I just about fell over at the price of potatoes, $3.78 for 5lb bag of russet, $4.78 for golds. I was making potato salad, so went with the russet. Tillamook cheese and butter are up. Our farm eggs down the road are still 3 dozen for $10, which are fresher and cheaper than the brown lrg eggs at the store.

[BlackSkimmer]

20. I've had chickens for years, and I'm so glad.

I don’t eat a lot, but I do love eggs.

[Klaralven]

24. The prices seem to have risen by cutting back on coupons and specials

[left-of-center2012]

25. Where does that idea come from ?

[left-of-center2012]

26. I have watched the price of hamburger go up

A few years ago a 5 lb tube of ground meat was around $12 at Walmart.
Now it's $17.

[SKKY]

31. We shop at Costco, Sams, Aldi, and occasionally Kroger...

...The only thing I have noticed a significant price increase is on Avocados. Everything else I consider our staples is the same. Having said that, we do tend to bargain shop, so perhaps that's why.

[left-of-center2012]

32. For those saying "I haven't seen any changes" ...

First line of the OP:

"The makers of top food and consumer goods brands
plan to raise prices in the spring ..."