Kraft Foods to raise prices

According to the communication of Kraft Foods; in the fourth quarter, the raw materials purchased by the company increased  by 500 million dollars.

Kraft has already raised the price of almost every of its products in Europe and in the United States. Irene Rosenfeld, CEO of the company, said: they are looking forward to this year with cautious optimism. They are expecting 11-13 percent increase of operating results per share, which is broadly consistent with the previous estimate – reports Világgazdaság Online, after APP.