Kraft Heinz plans to raise prices on some of its most popular products by up to 30% this spring, according to a report in CNN.
Kraft Heinz plans to raise prices on some of its most popular products by up to 30% this spring, according to a report in CNN.
The company said in a letter to wholesalers dated Jan. 24 that it plans increases on dozens of products, ranging from 6.6% on 12oz Velveeta Fresh Packs to 30% on Oscar Mayer Turkey Bacon. Coffee and other beverages will also be affected. The letter was shown to CNN Business by a wholesaler who wants to remain anonymous.
Kraft Heinz said in the letter that it was being forced to raise prices by factors including "constrained supply, logistic bottlenecks and weather-driven crop losses." The company had instituted an earlier round of price increases last fall for some Oscar Mayer products.
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