“Let them eat Corn Flakes” seems to be Kellogg’s CEO Gary Pilnick’s recommendation to cash-strapped consumers who’re spending the best portion of their earnings on meals than at any level within the final 30 years. In an interview with CNBC final week, WK Kellogg CEO Pilnick stated the corporate was promoting cereal for dinner to shoppers on the lookout for extra reasonably priced choices. Prices for groceries and eating places have skyrocketed for the reason that begin of the pandemic. In 2022, shoppers spent 11.3% of their disposable earnings on meals, the best stage since 1991, the Wall Street Journal reported final week, citing information from the US Agriculture Department. #CNN #News #Shorts
