Greggs set to raise prices again in response to cost pressures, says CEO [Yahoo! Finance]
TESCO PLC S/ADR (TSCDY)
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Source: Yahoo! Finance
High street baker Greggs is set to raise prices on its breakfast meal deals and biscuits in response to growing cost pressures, the company's chief executive has said. Roisin Currie said the price increases would kick in from Thursday. She said the action was being taken in response to increased staffing costs, including the impact of an unexpected £20m increase in the amount it pays in employer National Insurance as a result of last year's Budget. It will be the third time this year that the sausage roll maker has raised prices, mirroring a wider trend on the UK high street. Both the two-part and three-part breakfast deal will increase by 20p each to £3.15 and £4.15p, respectively. The Greggs' boss said other price rises across other lines, like its biscuits would only be about 5p. Greggs' famous sausage roll will be unaffected in this round of price hikes, having already increased to £1.30 earlier this year. In August, Tesco increased its meal deal price by 25p, while
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