General Mills planning major price hikes… +20%

As inflation continues to skyrocket under the Biden administration, American shoppers can expect to face even higher prices at the grocery store next year as General Mills prepares to jack up prices “on hundreds of items across dozens of brands,” CNN reported.What are the details?The network reportedly obtained multiple letters the company sent to at least one major regional wholesale supplier last week that outlined plans to raise prices on a wide range of products in relatively short order.General Mills’ massive array of brands includes Cheerios, Nature Valley, Pillsbury, Betty Crocker, Green Giant, Yoplait, and dozens of other recognizable names. New price points for some products will be a whopping 20% higher, starting next year.A leader of the wholesale supplier — speaking on the condition of anonymity — told CNN that it plans to pass the price increases on to its grocery and convenience store customers, who in turn are expected to pass the increases on to shoppers. He added that he expects …

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