Kellogg's CEO Faces Backlash After Suggesting Cereal for Dinner to Save Money
• Kellogg's CEO suggested eating cereal for dinner to save money amid high food costs, sparking backlash on social media • Critics drew comparisons to "let them eat cake," questioned CEO's own dinner choices, and vented about inflation, "shrinkflation," and corporate profits • Snack and cereal prices have significantly outpaced overall inflation, rising over 27% since the pandemic began • Price hikes are largely tied to higher costs for ingredients, fuel, labor and packaging • Customers have remained loyal despite price increases, enabling companies like Kellogg's to get away with raising prices