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","descriptionText":"AriZona Beverages sells its 23 oz cans of iced tea for 99 cents, the same price since its 1992 launch. The company's founder and chairman Don Vultaggio shares strategies they've implemented to offset cost, and why they've maintained this price point amid rising inflation. "},{"title":"New Taco Bell drive-thru restaurant serves tacos using mini elevators","duration":"00:49","sourceName":"CNN","sourceLink":"http://www.cnn.com","videoCMSUrl":"/video/data/3.0/video/business/2022/06/08/taco-bell-defy-drive-thru-restaurant-nr-vpx.cnn/index.xml","videoId":"business/2022/06/08/taco-bell-defy-drive-thru-restaurant-nr-vpx.cnn","videoImage":"//cdn.cnn.com/cnnnext/dam/assets/220607111137-02-taco-bell-defy-four-lane-drive-thru-large-169.jpg","videoUrl":"/videos/business/2022/06/08/taco-bell-defy-drive-thru-restaurant-nr-vpx.cnn/video/playlists/business-fast-food/","description":"Taco Bell's newest location, a first-of-its-kind concept called \"Taco Bell Defy,\" has opened in a Minneapolis suburb. The company says it is aiming to redefine the drive-thru experience with kitchens located above drivers and orders delivered by \"vertical lifts.\"","descriptionText":"Taco Bell's newest location, a first-of-its-kind concept called \"Taco Bell Defy,\" has opened in a Minneapolis suburb. The company says it is aiming to redefine the drive-thru experience with kitchens located above drivers and orders delivered by \"vertical lifts.\""},{"title":"The fastest growing trend in adult beverages will surprise you","duration":"05:19","sourceName":"CNN Business","sourceLink":"","videoCMSUrl":"/video/data/3.0/video/business/2022/06/04/na-beer-wine-spirits-non-alcoholic-boom-fm-orig.cnn-business/index.xml","videoId":"business/2022/06/04/na-beer-wine-spirits-non-alcoholic-boom-fm-orig.cnn-business","videoImage":"//cdn.cnn.com/cnnnext/dam/assets/220602085805-na-negroni-large-169.jpg","videoUrl":"/videos/business/2022/06/04/na-beer-wine-spirits-non-alcoholic-boom-fm-orig.cnn-business/video/playlists/business-fast-food/","description":"Non-alcoholic whiskey, wines, and even hazy IPAs are pushing the fastest growing trend in the adult beverage industry: non-alcoholic booze. See the tech and advances in beverage science that are creating a whole new class of N/A drinks.","descriptionText":"Non-alcoholic whiskey, wines, and even hazy IPAs are pushing the fastest growing trend in the adult beverage industry: non-alcoholic booze. See the tech and advances in beverage science that are creating a whole new class of N/A drinks."},{"title":"See Russian merchant ship's journey across Mediterranean with stolen grain ","duration":"03:00","sourceName":"CNN","sourceLink":"https://www.cnn.com","videoCMSUrl":"/video/data/3.0/video/business/2022/05/19/ukrainian-food-grain-crisis-pkg-soares-newsroom-intl-ldn-vpx.cnn/index.xml","videoId":"business/2022/05/19/ukrainian-food-grain-crisis-pkg-soares-newsroom-intl-ldn-vpx.cnn","videoImage":"//cdn.cnn.com/cnnnext/dam/assets/220519122646-vid-thumb-grain-1-large-169.jpg","videoUrl":"/videos/business/2022/05/19/ukrainian-food-grain-crisis-pkg-soares-newsroom-intl-ldn-vpx.cnn/video/playlists/business-fast-food/","description":"A food crisis looms in Ukraine as Russia continues to block Ukrainian grain exports, skyrocketing the price of grain to $400 per ton on the world market. President Volodymyr Zelensky calls this 'food terrorism.' CNN's Isa Soares reports. ","descriptionText":"A food crisis looms in Ukraine as Russia continues to block Ukrainian grain exports, skyrocketing the price of grain to $400 per ton on the world market. President Volodymyr Zelensky calls this 'food terrorism.' CNN's Isa Soares reports. "},{"title":"Mother describes 'anxiety provoking' search for baby formula","duration":"03:05","sourceName":"CNN","sourceLink":"https://www.cnn.com","videoCMSUrl":"/video/data/3.0/video/business/2022/05/14/baby-formula-shortage-broaddus-pkg-ebof-vpx.cnn/index.xml","videoId":"business/2022/05/14/baby-formula-shortage-broaddus-pkg-ebof-vpx.cnn","videoImage":"//cdn.cnn.com/cnnnext/dam/assets/220514131535-addrienne-broaddus-baby-formula-shortage-pkg-still-large-169.jpg","videoUrl":"/videos/business/2022/05/14/baby-formula-shortage-broaddus-pkg-ebof-vpx.cnn/video/playlists/business-fast-food/","description":"CNN's Adrienne Broaddus talks to parents who are scrambling to feed their children amid the nationwide baby formula shortage.","descriptionText":"CNN's Adrienne Broaddus talks to parents who are scrambling to feed their children amid the nationwide baby formula shortage."},{"title":"Actor superglues his hand to Starbucks counter in protest","duration":"01:00","sourceName":"CNN","sourceLink":"https://www.cnn.com","videoCMSUrl":"/video/data/3.0/video/business/2022/05/11/actor-james-cromwell-starbucks-milk-price-protest-newday-vpx.cnn/index.xml","videoId":"business/2022/05/11/actor-james-cromwell-starbucks-milk-price-protest-newday-vpx.cnn","videoImage":"//cdn.cnn.com/cnnnext/dam/assets/220511075207-james-cromwell-starbucks-protest-large-169.jpg","videoUrl":"/videos/business/2022/05/11/actor-james-cromwell-starbucks-milk-price-protest-newday-vpx.cnn/video/playlists/business-fast-food/","description":"A video released by PETA shows actor James Cromwell glued to a Starbucks counter in New York to protest the company's practice of upcharging for plant-based milk.","descriptionText":"A video released by PETA shows actor James Cromwell glued to a Starbucks counter in New York to protest the company's practice of upcharging for plant-based milk."},{"title":"Americans are tipping less in the wake of tipping fatigue","duration":"02:03","sourceName":"CNNBusiness","sourceLink":"https://www.cnn.com/business","videoCMSUrl":"/video/data/3.0/video/business/2022/04/29/tip-culture-shift-us-service-economy-foreman-pkg-the-lead-vpx.cnnbusiness/index.xml","videoId":"business/2022/04/29/tip-culture-shift-us-service-economy-foreman-pkg-the-lead-vpx.cnnbusiness","videoImage":"//cdn.cnn.com/cnnnext/dam/assets/220429145559-tip-culture-large-169.jpg","videoUrl":"/videos/business/2022/04/29/tip-culture-shift-us-service-economy-foreman-pkg-the-lead-vpx.cnnbusiness/video/playlists/business-fast-food/","description":"Service tips spiked at the onset of the Covid-19 pandemic. Two years later, the service economy is witnessing a drop in tips. CNN's Tom Foreman explores a Washington DC pizzeria affected by tipping fatigue and a general confusion surrounding the shifting tip culture. ","descriptionText":"Service tips spiked at the onset of the Covid-19 pandemic. Two years later, the service economy is witnessing a drop in tips. CNN's Tom Foreman explores a Washington DC pizzeria affected by tipping fatigue and a general confusion surrounding the shifting tip culture. "},{"title":"Forget oil. Here's how Russia's war in Ukraine is jacking up food prices.","duration":"01:48","sourceName":"CNN","sourceLink":"cnn.com/business","videoCMSUrl":"/video/data/3.0/video/business/2022/04/25/food-prices-ukraine-russia-romans-orig.cnn/index.xml","videoId":"business/2022/04/25/food-prices-ukraine-russia-romans-orig.cnn","videoImage":"//cdn.cnn.com/cnnnext/dam/assets/220425090155-01-ukraine-gallery-update-042522-large-169.jpg","videoUrl":"/videos/business/2022/04/25/food-prices-ukraine-russia-romans-orig.cnn/video/playlists/business-fast-food/","description":"Russia's invasion of Ukraine shook up the oil market, but the disruption to global food supplies could lead to hunger and spark social unrest in parts of the world.","descriptionText":"Russia's invasion of Ukraine shook up the oil market, but the disruption to global food supplies could lead to hunger and spark social unrest in parts of the world."},{"title":"What's that long skinny thing a restaurant just tried sending to space?","duration":"01:53","sourceName":"CNN","sourceLink":"https://www.cnn.com","videoCMSUrl":"/video/data/3.0/video/business/2022/04/14/kebab-launched-moos-pkg-orig-gr-vpx.cnn/index.xml","videoId":"business/2022/04/14/kebab-launched-moos-pkg-orig-gr-vpx.cnn","videoImage":"//cdn.cnn.com/cnnnext/dam/assets/220414201002-kebab-launch-moos-high-large-169.jpg","videoUrl":"/videos/business/2022/04/14/kebab-launched-moos-pkg-orig-gr-vpx.cnn/video/playlists/business-fast-food/","description":"It looked like an edible UFO ... CNN's Jeanne Moos reports on the latest attempt at launching an oddball object into space.","descriptionText":"It looked like an edible UFO ... CNN's Jeanne Moos reports on the latest attempt at launching an oddball object into space."},{"title":"Pusha T isn't 'lovin' it' anymore. Hear his new song for Arby's","duration":"01:26","sourceName":"CNN","sourceLink":"","videoCMSUrl":"/video/data/3.0/video/business/2022/03/22/pusha-t-arbys-ad-mcdonalds-orig-jk.cnn/index.xml","videoId":"business/2022/03/22/pusha-t-arbys-ad-mcdonalds-orig-jk.cnn","videoImage":"//cdn.cnn.com/cnnnext/dam/assets/220322163806-pusha-t-arbys-mcdonalds-large-169.jpg","videoUrl":"/videos/business/2022/03/22/pusha-t-arbys-ad-mcdonalds-orig-jk.cnn/video/playlists/business-fast-food/","description":"Rapper Pusha T says McDonald's stiffed him on his work on its \"I'm loving it\" jingle. Now, he's switched to Arby's.","descriptionText":"Rapper Pusha T says McDonald's stiffed him on his work on its \"I'm loving it\" jingle. Now, he's switched to Arby's."},{"title":"Wendy's CEO: Expect menu price increases of 5% this year","duration":"01:55","sourceName":"CNN Business","sourceLink":"","videoCMSUrl":"/video/data/3.0/video/business/2022/03/16/wendys-fast-food-inflation-price-increase-video-watch-orig.cnn-business/index.xml","videoId":"business/2022/03/16/wendys-fast-food-inflation-price-increase-video-watch-orig.cnn-business","videoImage":"//cdn.cnn.com/cnnnext/dam/assets/220316121538-wendys-fast-food-inflation-price-increase-video-watch-orig-00003516-large-169.png","videoUrl":"/videos/business/2022/03/16/wendys-fast-food-inflation-price-increase-video-watch-orig.cnn-business/video/playlists/business-fast-food/","description":"Wendy's President & CEO Todd Penegor says the fast food chain has had to slowly increase prices but the relative value to other food options has kept customer retention strong.","descriptionText":"Wendy's President & CEO Todd Penegor says the fast food chain has had to slowly increase prices but the relative value to other food options has kept customer retention strong."},{"title":"Watch CNN's 1990 coverage of McDonald's first opening in Russia","duration":"02:53","sourceName":"CNN Business","sourceLink":"https://www.cnn.com/business","videoCMSUrl":"/video/data/3.0/video/business/2022/03/09/russia-mcdonalds-opening-vault-1990-jg-orig.cnn-business/index.xml","videoId":"business/2022/03/09/russia-mcdonalds-opening-vault-1990-jg-orig.cnn-business","videoImage":"//cdn.cnn.com/cnnnext/dam/assets/220309152733-russia-mcdonalds-opening-vault-1990-large-169.jpg","videoUrl":"/videos/business/2022/03/09/russia-mcdonalds-opening-vault-1990-jg-orig.cnn-business/video/playlists/business-fast-food/","description":"Amid Russia's war with Ukraine, McDonald's announced it would close its restaurants in Russia. 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MUST WATCH
(16 Videos)
Egg prices soar as shortage linked to deadly virus
Russia's war in Ukraine threatens one of England's most famous dishes
See rebranded McDonald's restaurants unveiled in Russia
How AriZona Beverages has kept iced tea prices at 99 cents for 30 years
New Taco Bell drive-thru restaurant serves tacos using mini elevators
The fastest growing trend in adult beverages will surprise you
See Russian merchant ship's journey across Mediterranean with stolen grain
Mother describes 'anxiety provoking' search for baby formula
Actor superglues his hand to Starbucks counter in protest
Americans are tipping less in the wake of tipping fatigue
Forget oil. Here's how Russia's war in Ukraine is jacking up food prices.
What's that long skinny thing a restaurant just tried sending to space?
Pusha T isn't 'lovin' it' anymore. Hear his new song for Arby's
Wendy's CEO: Expect menu price increases of 5% this year
Watch CNN's 1990 coverage of McDonald's first opening in Russia
McDonald's suspends business in Russia. Here's why it's a big deal
London (CNN)A measure of UK grocery price inflation soared to a record high this month — that's more bad news for consumers already facing a shortage of fruit and vegetables that has led to rationing at major supermarkets.
Grocery prices rose 17.1% in the four weeks to February 19, compared with the same period a year ago, according to data published by Kantar Tuesday. That's the highest rate of inflation since the data company started tracking it in 2008, and is equivalent to adding an extra £811 ($980) to a household's average yearly grocery bill.
Fraser McKevitt, the head of the retail and consumer data unit at Kantar, said price increases were "having a big impact on people's lives." A quarter of UK shoppers said they were struggling financially, according to a Kantar survey in January, up from a fifth during the same period in 2022.
The world's biggest food company says prices will rise further this year
"Our latest research shows that grocery price inflation is the second most important financial issue for the public behind energy costs, with two-thirds of people concerned by food and drink prices," McKevitt said.
The inflation figures come just days after a national shortage of some fruits and vegetables prompted five of the six biggest supermarkets in the United Kingdom to impose limits on purchases. Last week, Tesco (TSCDF), the country's largest grocery retailer, said it would temporarily restrict customers to three packs of tomatoes, cucumbers and peppers each, among other staple products.
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And on Tuesday, a spokesperson for the UK arm of Lidl, a discount German supermarket, told CNN that while it had "good availability'" of these products, it had introduced the same limits due to higher demand.
Empty shelves are seen in the fruit and vegetable aisles of a Tesco supermarket on February 22, 2023 in Burgess Hill, United Kingdom. Photo by Jane Sherwood/Getty Images.
Supermarkets and the UK government have pointed to poor weather conditions in food exporters Spain and Morocco as the main cause of the shortages.
But growers' groups have also blamed crippling energy costs, as well as Brexit-related lack of labor and trade barriers, for the tight supply.
Mark Spencer, the UK food and farming minister, held crisis talks with supermarket bosses on Monday to discuss their response to the shortages.
Spencer said on Twitter that he had asked supermarkets to "look again at how they work with [UK] farmers and how they buy fruit and vegetables, to further build preparedness for these unexpected incidents."
"Our food supply chain is extremely resilient," he said. But he added in a statement Tuesday that the current problems highlighted how dependent the country could be "certain trade routes for some types of food."
At this time of year, the United Kingdom relies heavily on imported fruit and vegetables. According to the British Retail Consortium, a trade group, UK supermarkets import 95% of their tomatoes and 90% of their lettuce in December and typically the same proportions in March.
Andrew Opie, the BRC's director of food and sustainability, said in a statement Tuesday that retailers were "working to address the current challenges" and that shoppers should see more fresh produce on their shelves "in the coming weeks."
'Killer' inflation
Others are more downbeat.
Last week, the Lea Valley Growers Association, a group of 80 growers across the United Kingdom's southeast, told CNN that vegetable shortages could last until May.
UK growers were not harvesting tomatoes, peppers and eggplants at this time of year, as is usually the case, because high energy costs this winter had delayed planting, said Lee Stiles, LGVA secretary.
And shortages could spread. Ali Capper, chairman of British Apples and Pears, a trade group representing 150 growers of the fruit, told CNN that huge increases in the costs of energy and labor last year had squeezed margins.
"[The] killer for all of us was inflation," she said.
Energy price rises had pushed up every single input cost for farmers, she added, with the cost of production for apples ballooning 23% between the fall of 2021 and the fall of 2022.
UK apple farmers normally buy at least one million apple trees each winter for planting. But because of concerns about profitability, farmers slashed their orders to 500,000 this season, Capper said. What's more, they have already canceled roughly a third of those orders.