Kellogg Co. Announces Price Increases

NEW YORKNasdaq.com reported that, in response to increased commodity costs, Kellogg Co. plans to increase its cereal and snack prices this year. The increases, expected to be between 3 and 4 percent, are higher than the 2 to 3 percentage-point increases the company anticipated. In a fourth-quarter earnings conference call, Chief Executive John Bryant said the price increases will come from a combination of raising retail prices, curtailing discounts and introducing new items at higher prices," according to Nasdaq.com.