Families across the UK are already struggling to make ends meet as the cost of living crisis continues, but they face a further blow as the cost of everyday items increase.
Heinz is the latest producer to raise the prices of its tinned food - blaming soaring running costs.
Families now face even higher shopping bills as the grocery giant plans its second increase in a matter of months after prices rose 3.8% last year, the Mirror reports.
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In another blow, Nestle has also warned of increases on top of the 3.1% rise it made last year.
Nestle’s chief executive Mark Schneider said: “It is a safe assumption that our input cost increases for 2022 will be higher than 2021, that is something we have to reflect in our pricing.”
Adding to the misery, Durex and Dettol owner Reckitt Benckiser said it was facing rising costs, from wages and shipping to the price of plastic and oil.
Heinz parent company Kraft Heinz said net sales fell by 3.3% to £4.93billion last year, although analysts claim the results were better than expected.
According to the Mirror, chief executive Miguel Patricio said it was “generating efficiencies” that were “mitigating inflationary pressures”.
The cost of living crisis continues as families face soaring fuel bills when the higher energy price cap bites in April.
Groups and leaders in Liverpool have previously warned the city is in the grip of a 'food and poverty emergency.'
Families in the city are facing a 'perfect storm' of soaring energy bills, record inflation, the removal of Universal Credit support and forthcoming tax rises.
Liverpool has some of the most deprived parts of the country and groups in the city who work to tackle poverty have warned just how grave the situation is.
Dunelm chief executive, Nick Wilkinson, has also previously said the retailer is likely to “accelerate” price increases in the next few months, again due to rocketing freight costs, utilities bills and wage inflation, which is set to rise further from April.
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