General Mills (GIS +3.3%) raised prices on snack bars some 7% last week, according to a Goldman...

|By:, SA News Editor

General Mills (GIS +3.3%) raised prices on snack bars some 7% last week, according to a Goldman Sachs research note, as companies attempt to cope with global food inflation. Goldman expects slow increases across the packaged food space throughout 2011, helping lift revenue and keep margins stable. Kellogg (K +1.2%) boosted snack bar prices in December.