Mondelez joins companies such as Cheerios maker General Mills Inc GIS.N and soda giants Coca-Cola Co KO.N and PepsiCo Inc PEP.O in lifting forecasts, as it has seen minimal pushback from consumers to higher prices. While surging inflation and fears of a recession have dampened consumer spending, shoppers still seem willing to indulge on "affordable luxuries" such as their favorite snacks and beverages instead of switching to cheaper brands. It forecast 2022 adjusted profit to grow over 10%, on a constant-currency basis, compared with its previous expectation for mid-to-high single-digit growth.