McVities warns biscuit prices may rise by around 5%
The manufacturer of brands such as Hobnobs, Jaffa Cakes and Penguins has said that the increasing costs of labour, raw ingredients and staff absences could see biscuit prices soar.
“We need transparent, honest pricing”, says 2 Sisters boss
Founder of 2 Sisters Food Group, Ranjit Singh Boparan, said British shoppers today are facing a ‘Great Food Reset’ with less choice and higher prices.
Chinese soy sauce manufacturer raises prices due to inflation
Foshan Haitian Flavouring and Food Co., the largest soy sauce maker in China by sales, is increasing retail prices of its products due to rising production costs.
Rising food costs drive record increase in inflation
The latest report by the Office for National Statistics (ONS) has found that the Consumer Prices Index measure of inflation for August 2021 hit 3.2%.
