The CEO of Kellogg Company has warned that additional price hikes may be coming as the company faces skyrocketing costs for ingredients and raw materials.
'As we enter 2022, we are still seeing double-digit cost ,' CEO Steve Cahillane said in an interview with CNBC on Thursday.
The warning came as the consumer price index hit a 7.5 percent annual increase for January, the quickest increase in 40 years, and PepsiCo and Coca-Cola issued similar warnings about pressure from rising costs.
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