Title: Coca-Cola to Raise Prices on July 31
Description: Prices are set to increase up to 4 percent beginning July 31, following a 2 percent increase earlier this year.
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ATLANTA ? Coca-Cola is planning to raise soft drink prices up to 4 percent beginning July 31, reports The Atlanta Journal-Constitution.
Citing higher costs for inputs, including increased prices for corn, aluminum, plastic and oil,
Coca-Cola Refreshments and Coca-Cola Bottling Co. Consolidated, who together sell roughly 84 percent of Coca-Cola?s U.S. bottle and can volume, said the price increases would vary by brand and packaging.
The increase follows a 2 percent increase earlier this year.
Earlier this month, Pepsi notified its retailers that it would increase prices between three and five percent between July 10 and Labor Day.
Content Subject: Foodservice
Formatted Article Date: June 28, 2011
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