Top 10 killers in the uk what are crisps
top 10 killers in the uk what are crisps
Bad news for crisps fans as Walkers plan to hike prices by 10% – and Brexit is being blamed
Crisps giant Walkers is putting up the price of Britain’s favourite snack by 10 per cent – and says Brexit is to blame.
Despite being made here – with British potatoes – US owner PepsiCo claims “fluctuating exchange rates” have pushed up the cost of oil, seasonings and packaging.
A standard price-marked 32g bag will rise from 50p to 55p while a grab bag goes up from 75p to 80p.
It will still offer a popular family pack for £1 – but it will reduce the weight from 100g to 90g so you get fewer crisps.
Leicester-based Walkers – whose ads are fronted by football legend Gary Lineker – have been slammed for the “opportunistic” rise.
James Russell of cash and carry giant Blakemore told Retail Newsagent: “Brexit has caused uncertainty and I think this is massively opportunistic by PepsiCo.
"It impacts the offer we can make for our customers. We have to pass the costs on.”
And Naeem Khaliq, of United Wholesale Scotland, said: “I think PepsiCo is boosting its profits.
"Walkers is a British product made with British potatoes. So I think they are using Brexit for an excuse to say the price is going up.”
And he warned: “Whatever Walkers do you’ll see competitors follow suit. I anticipate a lot more price rises after Christmas.”
Walkers blamed Brexit for the price hike (Photo: Walkers)
The price hike was due to come into effect last week. But many wholesalers and shops will only pass on the increase when they sell out of their old packs.
A Walkers spokesman said: “Whilst our potatoes are British, we import a number of different ingredients and materials to produce a finished packet of Walkers crisps.
“In light of this we are taking steps to cover some of these additional costs through selective cost price changes. It will be for individual retailers to determine the impact on the price at which they sell our products.”
Walkers is the latest firm to push up prices – or threaten to – following June’s EU Referendum .
Typhoo last week warned tea bags could go up because of the rising cost of importing leaves from Kenya. Last month Tesco refused to stock Marmite and other Unilever brands after the food giant tried to force through a 10 per cent price rise.
Chocolate giant Nestle says it may put up prices. British Airways has warned of hikes. And Apple has increased the cost of its computers by up to 20 per cent.
Typhoo tea had also said the pound’s fall against the dollar had been disastrous for the company (Photo: Facebook/Typhoo)
Adam Leyland, editor of the Grocer magazine, said: “Historically, supermarkets felt little compunction in passing on price increases.
“But now thanks to the success of the discounters, they have got to remain very competitive.”
Where we’re taking a pounding thanks to Brexit
Walkers is not the first firm to blame Brexit for rising prices:
HOLIDAY costs are set to soar with the Pound now worth 18 per cent less than the Dollar and at a six-year low against the Euro. A trip for four up the Empire State Building in New York would cost £94 – up from £75 last October.
PETROL has hit a 14-month high of around £1.16 per litre. Driving groups fear a further 5p rise soon.
WINE experts say shoppers face 30 per cent rises on some top-selling European wines.
APPLE increased computer prices by up to 20 per cent. A Mac Pro desktop now costs £2,999 – up from £2,499. It blamed exchange rates and the cost of “doing business”.
TYPHOO said the Pound’s fall against the Dollar was an “absolute disaster” which may wipe out its annual profits and force up the cost of tea bags.
Despite being made in Britain with British potatoes the US owned company has blamed the 5p price rise on the result of the EU referendum