Greggs hikes prices on some food items amid soaring wage bill

Greggs the high street baker has said that due to soaring wage bills they are increasing some prices on their bakes and sandwich range.

Greggs said that in six months to 29 June the group posted a 16.3% rise un underlying pre-tax profits to £74.1 million.

The high street baker saw total sales in the first half of 13.8% to £960.6 million.

The group’s chief executive, Roisin Currie, told the PA news agency, The biggest inflation cost right now is the increase in the National Living Wage and making sure our employees get the wage increases that are appropriate.

“That puts pressure on the cost increases within the business.”

Currie added, “Greggs has made good progress in the first half of the year, further broadening our range of on-the-go food and drink whilst making it more accessible to more customers.

“Our cost outlook for 2024 remains unchanged and we continue to trade in line with our plan.

“The board remains confident in the long-term growth strategy, and we are investing to support that growth.”