Just in time for 4th of July picnics, sucking down the sweet elixirs spewed out by Coca-Cola is about to get a little pricier. Citing the rising cost of commodities, the bottling giant announced it’s going to raise prices 2-3% in July.
The move follows a 2% increase earlier this year and Pepsico saying earlier this month that they would raise costs to retailers 3-5% between July and September.
Now that the market leaders have moved, expect similar increases from the smaller fry, like the Dr. Pepper Snapple Group.
It’s better than them coming out with new thimble-sized “Coke shots” and still charging $1.99 for them.
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