General Mills Warns of ‘Inflationary Environment,’ Plans to Hike Prices General Mills said Wednesday that it expects inflation to raise its costs and announced plans to raise prices to preserve margins.
The packaged-food company said total cost inflation is expected to amount to about 7 percent of the company’s cost of goods sold expense line.
The company said it is addressing the “inflationary environment” through price increases for most of its portfolio and other cost-saving measures.
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