I know this to be true. Why just last night I bought a 26 oz. can of Maxwell House coffee for U.S. $11.79! Yes, I like one good cup of coffee early in the morning to start the day right but what a price to pay!
So if you are in the food industry, you better start raising prices *slowly* to your customers now so you don't end up eating into your year-end profit margins. Or, worse yet, don't smack your customers with a huge price hike all at once. That's a sure-fire way to lose a customer. Small price adjustments always work better.
Read the article here.
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