Home Business Bad news for stress eaters: These comfort foods may soon get more...

Bad news for stress eaters: These comfort foods may soon get more expensive

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Top snack makers Kraft Heinz and Mondelez say they will hike prices for retail customers on varieties of Kraft Mac & Cheese, Jell-O, Bagel Bites, Cool Whip, Toblerone, Sour Patch Kids and other items beginning next year. If these companies’ customers — which include big box stores, supermarkets, drug stores and others — decide to pass on those increases, they’ll soon be biting into shoppers’ wallets, just like higher prices for pork, beef and other items.

“Retailers may want to absorb some of the price increase to remain competitive,” said Neil Saunders, the managing director of GlobalData Retail. But “a lot of them will not, because they’ve got their own cost increases,” he noted. “Quite a lot of [the increased pricing] will probably be passed through to the consumer.”

Like most US companies, food and consumer product manufacturers are facing higher costs for labor, raw materials, transportation and other expenses. Many have responded in recent…

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