The prices of once cheap refrigerated meats are about to be the latest victim of inflation. Next year, consumers will see the prices of hot dogs, burgers, and various other meats get more expensive in their grocery stores.
The announcement was made by Tyson Foods, Conagra, and Kraft Heinz, which all informed retail customers that the prices would rise in January for frozen and refrigerated meats, CNN reported.
CNN reported that a leader at one regional distributor shared "all the packaged meat suppliers are coming to the price increase party."
The products on the rise will include Ball Park hot dogs and burgers, State Fair corn dogs, Jimmy Dean frozen breakfast, Hillshire Farm sausage, and lunch meat, and Hebrew National and Oscar Mayer hot dogs, according to letters from suppliers to wholesale customers, CNN reported.
While prices have gone up slowly over the past year for cheaper meats like ground beef and lunch meat, higher-end meat cuts have surged over the past year.
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The increase for Tyson products will come by a range of 5% to 10.2% starting on Jan. 2.
"We continue to face accelerating levels of extraordinary inflation," Tyson said in the letter, CNN reported. "The sustained duration and significant impact of the inflation necessitates additional pricing action."
Conagra announced that some of its Hebrew National hotdog packages would increase from 10.9% to 12.6%.
Kraft Heinz announced that it would raise the prices for a variety of Oscar Mayer beef, lean beef, and Angus hot dogs by around 8%.
