It's getting harder for shoppers in the United Kingdom to find Heinz baked beans. Blame food price inflation.
Tesco , the country's biggest supermarket chain, has stopped selling some products made by Kraft Heinz in a dispute over prices. Kraft Heinz is behind some of the country's favorite pantry staples, including baked beans and ketchup.Several Heinz products were out of stock on Tesco's website, including baked beans, ketchup and salad cream.
Rising global food and energy costs have squeezed manufacturers, leaving them little choice but to try to pass on higher prices to retailers and their customers. In the United Kingdom, consumer price inflation hit 9.1% in May — its highest level in 40 years, and the highest among the"Group of Seven" rich countries. Kraft Heinz told CNN Business that it was"working closely with Tesco to resolve the situation as quickly as possible.
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