RE: Blue Day7 Jan 2023 06:32
Inflation won’t hurt RKH
A 5% rise in our major cost v 7% interest
Biscuit maker McVitie's says the prices of many of its best-selling brands are set to rise.
The firm, which is owned by Pladis Global, said brands such as Jaffa Cakes, Penguins and Hobnobs could go up in price by as much as 5%.
However, it said its "humble chocolate digestive" would be less affected.
Pladis's UK managing director, David Murray, said: "Omicron disruption, absenteeism, and the rising cost of business going forward present a big challenge for us.
Higher wheat prices have also hit the business.