[goldstategop]

Grain remains stubbornly high in price. Expect to pay more for cereals at your supermarket this year.

[Jet Jaguar]

Ping

[TigersEye]

I'm so bad at math and business. I'm not sure I follow this story.

Revenues were down 1%.

Profits were up 3%.

So they are going to raise prices 3% because of rising commodity prices.

I guess that's how you keep profits rising when revenue is falling.

[American Constitutionalist]

( * Kellogg says it will raise prices* ) .... so ? along with raising prices, they will package it in smaller boxes and smaller product ?

Instead of Frosted Miniwheats, it will be, Frosted Micro Miniwheats.

[taxtruth]

Lucky,my family doesn’t eat their garbage.

[OrangeHoof]

If Cocoa Puffs were oil, some liberals would give a crap...and then blame it on Bush. But I doubt there will be congressional hearings to harangue “Big Corn Flake” executives into explaining their price increases.

[sinanju]

Egypt. Coming to a town near you.

[Vendome]

Flakes.

[The Duke]

Kellogg is a business, I think they should set whatever price they want; and I hope they make plenty of profit for their shareholders.

I'll trust the competitive marketplace to keep my prices down more than I'll trust any corrupted politician.

[Venturer]

The box the product is in costs more than the cereal in it, perhaps because it is only half filled.

[Munz]

if anyone is interested there is a site called
http://inflation.us/

they have video and articles that have been warning about rising prices on food for a while.
They have been very precise on their predictions and sadly very correct.