Have you seen the price of Heinz ketchup recently? It's insane!
Kraft Heinz says during the fourth quarter, their prices in North America were 14.2% higher than a year ago.
Now the bad news. The company said it anticipates inflation in the “high single-digit” percentage range for 2023, which implies an increase from the U.S. inflation rate of 6.4% seen in January.
So it's good news for CD rates. I tried the $1 bottle of private label Target ketchup. It's fine.