Food giant Conagra hikes its inflation outlook as prices of meat and eggs remain high

Conagra, which makes blockbuster supermarket brands such as Birds Eye and Healthy Choice, sees inflation close to 4%. Conagra Brands Inc. - parent to food brands ranging from Slim Jim to Birds Eye to Reddi Wip - hiked its inflation outlook on Thursday, in a fresh sign of higher-for-longer prices eating into the bottom line of corporations and consumers.