Bakery chain expects overall cost inflation of 6% to 7% this year amid escalating conflict in UkraineUkraine-Russia war: latest updatesThe bakery chain Greggs has warned of spiralling cost pressures as commodity prices surge following Russia’s invasion of Ukraine, adding it will have to raise prices further.Greggs, best known for its sausage rolls and pasties, is expecting overall cost inflation of 6% to 7% this year, and cautioned that the outlook for many commodity costs remains uncertain. This prompted it to put up some prices at the start of this year, and “further changes are expected to be necessary”. Continue reading…
Bakery chain expects overall cost inflation of 6% to 7% this year amid escalating conflict in Ukraine
The bakery chain Greggs has warned of spiralling cost pressures as commodity prices surge following Russia’s invasion of Ukraine, adding it will have to raise prices further.
Greggs, best known for its sausage rolls and pasties, is expecting overall cost inflation of 6% to 7% this year, and cautioned that the outlook for many commodity costs remains uncertain. This prompted it to put up some prices at the start of this year, and “further changes are expected to be necessary”.