General Mills to raise prices in 2022, supplier says Supplier says prices expected to go up 20% in January
This is a display of General Mills Cinnamon Toast Crunch cereal at a Costco Warehouse in Robinson Township, Pa., on Thursday, May 14, 2020. (AP Photo/Gene J. Puskar) (Gene J. Puskar, Copyright 2020 The Associated Press. All rights reserved)
Like just about everything on store shelves, your favorite bowl of cereal could cost you more next year.
According to one regional wholesale supplier, General Mills is raising prices on hundreds of its products in 2022.
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The supplier said it received letters about the price hike from the company last week.
Popular cereals like Cheerios, Cinnamon Toast Crunch and Lucky Charms are included in the increase, along with items from well-known brands like Progresso, Betty Crocker and Pillsbury.
General Mills has not commented on the supposed price hike, but the supplier says prices are expected to go up around 20% starting in mid-January.
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