finance
PepsiCo to Raise Prices on Some Chip Bags Starting Late June
PepsiCo will increase prices on selected chip products beginning in late June. The company cited higher ingredient and packaging costs as the reason for the change.
May 20, 1:46 PM·1m read1 source
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PepsiCo plans to raise prices on some of its chip bags beginning in late June. The company said the increases will apply to selected products and will vary by item. No specific percentage or dollar amount was disclosed. PepsiCo attributed the move to higher costs for ingredients and packaging materials.
Food manufacturers have adjusted prices in recent periods to offset changes in commodity and supply-chain expenses. PepsiCo did not indicate whether similar adjustments are planned for other product lines. The company did not provide a timeline for how long the new prices would remain in effect.
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