Jaewon Kang
speaker
95 appearances
3 recordings
1 series
first heard Dec 2019
last heard Feb 2023
Jaewon Kang’s voice in public audio — every appearance, attributed to the second.
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Appearances
And companies like Mondelez, which makes Oreo cookies and Sour Patch Kids candy, they've said if costs remain steady, as they have been over the past couple of months, then they don't plan on raising prices further in the U.S.
So companies like Kroger have said food inflation in the U.S.
is starting to moderate, but that prices haven't yet fallen across all the different aisles in grocery stores.
They've said shoppers are coming into stores more often and buying smaller amounts and that consumers are
continue to purchase cheaper store brands and also use more digital coupons as they look to stretch their dollars a bit.
Yeah, so, you know, grocery stores have been trying to keep prices low on items like bread, cereal.
So the everyday staples that consumers really pay attention to.
And at the same time, they're sort of promoting prepared food that they make in their stores as an affordable alternative to dining out.
Thank you for having me.
The price increases are coming at a tough time for consumers.
People who received stimulus checks in the spring have likely spent through most of that money.
Sure, thanks for having me.
Sure.
So we're seeing it in a wide range of consumer products.
So on the food side, we're seeing prices go up for produce like apples and berries and some meat.
Packaged food makers have said price increases are coming.
And restaurant operators, too, are raising prices for delivery and menu items.
And
Other companies have said they will be raising prices for household products like diapers, foil wrap, home appliances, and also garden and lawn products.
And some of the distributors have also said food and consumer product makers are planning to raise prices by up to 10%.
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