SNACK ATTACK - Hula Hoops, McCoy's & Butterkist Popcorn Hike Prices
- Brand owner KP Snacks admitted prices are rising
- ‘Inflationary pressures’ causing costs to rise
- Tesco and Sainsbury’s have upped prices
- Another victim of ‘Shrinkflation’?
The cost of your favourite snacks could be facing a price hike in supermarkets, says brand owner KP Snacks.
Snacks, including Hula Hoops, McCoys, and Butterkist Popcorn, are expecting to see their prices rise an average of 10p in supermarkets.
The brand owner KP Snacks said that “inflationary pressures” has caused it to put pass on the rising costs to supermarkets.
Prices on KP Snacks owned products have been spotted going up in Tesco and Sainsbury’s.
Hula Hoops in Sainsbury’s have gone up to 90p from 80p, McCoy’s will also increase form 80p to 90p in Tesco, and Butterkist microwave popcorn has increased from £1.60 to £1.70.
Earlier in the months, McVitie’s admitted that they will be removing 7 biscuits from their packs of digestives due to rising costs, in a move known as ‘Shrinkflation’.
It’s called ‘Shrinkflation’, because the product gets smaller, and in some cases, the price will simultaneously go up.
Unlike McVitie’s digestives and other ‘Shrinkflation’ cases, the crisps will not be getting smaller packets- the prices will just be going up.
Other crisps were caught out with ‘Shrinkflation’ though; last year Doritos shrunk their packet size by 10% but kept the prices the same.
Despite increases in grocery prices, most British households are positive about their finances going into 2018.
If ‘Shrinkflation’ pricing is wearing you down, Lidl are helping out local communities with 6 weeks of freebies, find out more here.