Don Vultaggio is chairman of Arizona Beverage Company.
The September Consumer Price Index released this week showed a 13% increase in “food at home,” or grocery prices, compared to the same month one year earlier.
Many companies that sell food and drinks have hiked prices over the last year to offset the higher cost of shipping and manufacturing goods. Vultaggio’s vow comes on the heels of a CostCo executive who said the company was committed to keeping the price of its hot dog-and-soda combo at $1.50 “forever” despite inflation. “For as long as we can, we’re going to hold our price,” Vultaggio said in an interview published on Thursday. The maker of Arizona Iced Tea said the company plans to maintain the 99-cent price point for its 23-ounce tall cans despite higher costs related to decades-high inflation, according to a report.Īrizona Beverage Company Chairman and co-founder Don Vultaggio told CNBC this week the company is taking various steps to keep its fan-favorite price in place – including the implementation of a redesigned can lid to cut down on manufacturing costs Oil prices rise on fears of Saudi Arabia’s biggest output cut in years has the White House sweating, and rightly so 99-cent pizza shop hikes price to $1.50 months after openingīiden’s lies keep piling up, AI outrage shows Don’s weakness and other commentary
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