McDonalds, Coca Cola and Huggies are among major brands to hike prices as inflation rockets - and even cost of humble NYC bodega breakfast DOUBLES
Major companies including McDonalds, Coca-Cola, Huggies maker Kimberly-Clark and even the humble bodega owners in New York City have been forced to make their products more expensive to cope with higher costs - adding more pressure on ordinary households.
The warnings about the impact of soaring inflation on the prices of basic goods comes after Walmart lowered its profit outlook for the year, saying rising prices on food and gas are forcing shoppers to cut back on discretionary items, particularly clothing, that carry higher profit margins.
Russia's war in Ukraine has exacerbated rising prices for almost everything, from wheat and cooking oil, to natural gas and crude oil, making it more expensive to produce goods.
Those costs are being passed on to customers, either through reduced sizes or higher prices.
https://www.dailymail.co.uk/news/article-11053361/McDonalds-Coca-Cola-Huggies-brands-warn-price-hikes-struggles-inflation.html