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Food and beverage giants sound inflation alarm

General Mills, Constellation Brands tout higher prices

By Jonathan Garber


Major food and beverage producers are sounding the alarm on higher prices coming later this year.

The warning deals another blow to consumers who are already grappling with the biggest annual price increase in 13 years.

“We would anticipate prices going up,” General Mills CEO Jeffrey Harmening said on the company’s fourth-quarter conference call on Wednesday.

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