Prices of Oxo, Bisto and Mr Kipling to rise after pound's Brexit plunge
Shoppers will have to pay more for Oxo stock cubes, Bisto gravy and Mr Kipling cakes as the firm behind the brands prepares to raise prices to offset the fall in the pound triggered by the Brexit vote.
Premier Foods, which also owns Homepride, Batchelors and Ambrosia rice pudding, will become the latest in a string of companies to offset the weakness of sterling after Unilever clashed with Tesco over the price of products including Marmite.
The news comes as a survey showed supermarket prices had risen over Christmas for the first time in more than two years, underlining expectations that household budgets will come under increased pressure in 2017.
https://www.theguardian.com/business...-premier-foods
Oh dear, the march to parity has just begun...
Shoppers will have to pay more for Oxo stock cubes, Bisto gravy and Mr Kipling cakes as the firm behind the brands prepares to raise prices to offset the fall in the pound triggered by the Brexit vote.
Premier Foods, which also owns Homepride, Batchelors and Ambrosia rice pudding, will become the latest in a string of companies to offset the weakness of sterling after Unilever clashed with Tesco over the price of products including Marmite.
The news comes as a survey showed supermarket prices had risen over Christmas for the first time in more than two years, underlining expectations that household budgets will come under increased pressure in 2017.
https://www.theguardian.com/business...-premier-foods
Oh dear, the march to parity has just begun...
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