Latest figures show that although inflation in Europe’s euro-using countries has slowed, real food inflation remains higher and seemingly undeterred, raising questions about whether unfair profiteering and competition are to blame.
Cash strapped British consumers are switching away from products which have been downsized by manufacturers in favour of buying products in bulk which offer better value for money.
Biscuit and chocolate giant Mondelez International nearly doubled its outlook for fiscal 2023 after delivering its “best quarter ever” with organic revenue growth up 19.4% to $1.5bn over the same period last year and “significantly ahead of [an] already...
Mondelez executives see no reason to lower prices or increase promotions for their iconic sweets and snacks despite reported retailer requests that brands across the board do so as some consumers begin pulling back on spending in the face of ongoing inflation.
