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HARRISBURG, Pa. (Jan. 28) - Hershey, the nation's largest candymaker, said it is raising the wholesale price of its chocolate bars for the second time in a year as energy and commodity costs spiral higher.
Beer prices may soon rise for consumers because of the increasing costs of barley and other raw materials, analysts say.
Production numbers are down and costs are up for the grain, one of several used to make beer. Combined with soaring energy costs and the high cost of other raw materials, like aluminum, analysts caution those extra dollars and cents may soon be passed along to consumers.
Seattle-based Starbucks Corp. said Monday that it would start increasing prices on lattes, Frappuccinos and other coffee beverages across the country
The roughly 3 percent price bump is the second increase in nearly 10 months
Near record-level costs for corn and soybean meal is taking its toll, and Tyson said it plans to raise costs for its chicken and beef products
"We have no other choice but to raise prices substantially," CEO Richard Bond said in a conference call. "We are raising prices because we can't absorb these costs. Despite concerns about the economy, people have to eat, and they will continue to eat protein."
As part of AARP’s "Rx Watchdog" effort, a report released by the organization today found that for the sixth year in a row, manufacturers of brand-name prescription drugs most widely used by older Americans raised the price they charge wholesalers and other direct purchasers higher than the general inflation rate
General Mills Inc. said on Tuesday it would raise cereal prices to match increases by competitors
General Mills spokesman Tom Forsythe said customers should actually see lower prices per box, but the boxes will be smaller, so the effect is a price increase of a few percent. The new prices go into effect on June 25.
Due to a rise in steel and commodity costs, General Motors plans on raising prices of their 2008 vehicles by up to $1,500, accoring to the Reuters news agency. Price increases will be seen on all cars purchased by dealers beginning today.
The median hourly wage for American workers has declined 2 percent since 2003, after factoring in inflation. The drop has been especially notable, economists say, because productivity — the amount that an average worker produces in an hour and the basic wellspring of a nation’s living standards — has risen steadily over the same period.