Soup, Spam and Shake Shack burgers are all getting more expensive as food companies pass along higher costs to consumers
as food companies pass along higher costs to consumers.
General Mills Inc., Campbell Soup Co. , Unilever PLC, and J.M. Smucker Co. are among food makers raising prices at supermarkets. Restaurants including Chipotle Mexican Grill Inc. and Cracker Barrel Old Country Store Inc. have raised menu prices. Executives say they expect more price increases this summer as costs remain elevated for labor, commodities and transport.
“We’re in a period of unprecedented commodity inflation,” Unilever Chief Executive Officer Alan Jope told investors Monday. He said Unilever would recover some of those costs in part by selling smaller packages of some foods at the same price as a larger size. Higher prices on grocery-store shelves and restaurant menus are part of a broader rise in inflation. U.S.
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