Baby formula makers hike prices, blaming new U.S. guidelines
Prices of baby food and formula hit an all-time high last month as suppliers rushed to adjust to new government guidance to avoid another shortage.
Source: latimes.com
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Prices of baby food and formula hit an all-time high last month as suppliers rushed to adjust to new government guidance to avoid another shortage.
Perrigo Company PLC, which makes store-brand baby formulas for retailers, including Walmart Inc and Amazon.com Inc, expects shortages and heightened demand to last for the "balance of the year," Chief Executive Murray Kessler told Reuters in an interview. The Biden administration this week has come under increasing pressure to address a baby formula shortage, which