Greggs warns of price rises as commodity costs soar
by Julia Kollewe and Sarah Butler from World news | The Guardian on (#5WWBC)
Bakery chain expects overall cost inflation of 6-7% this year amid escalating conflict in Ukraine
The bakery chain Greggs has warned prices are likely to increase due to a surge in the costs of ingredients, energy and fuel after Russia's invasion of Ukraine.
Greggs, best known for its sausage rolls and pasties, predicted profits would fail to increase in the year ahead as it tried to offset cost inflation of up to 7%, up from 5% at the start of 2022, with the uncertain outlook.
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