HIGH street bakery chain Greggs has revealed it has increased prices on some of its bakes and sandwich ranges, as it faces pressure from a soaring staff wage bill.
The group's chief executive, Roisin Currie, told the Press Association that Greggs has increased the prices of some items on its menu by 5p and 10p in recent weeks, but has kept meal deal prices unchanged.She insisted no more price rises are planned for the rest of the year.
Details of the price increases came as the group posted a 16.3% rise in underlying pre-tax profits to £74.1 nillion for the six months to June 29 as like-for-like company-managed shop sales jumped 7.4%.
The firm admitted the profit growth was also supported by "better recovery" of cost inflation than a year earlier.
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