American food companies are preparing for another round of price increases. Soaring production costs have forced them to pass on price increases to the consumer.
Sara Lee, the producer of meat food such as Jimmy Dean sausage, said the increase will drive the price of meat products by 20 per cent.
“ We are going to raise the prices of most protein products this year, ” C.J. Fraleigh, CEO of Sara Lee, said last month in an interview.