Nestle plans further price hikes to combat rising costs

Inflationary prices for dairy have eased somewhat
calendar icon 16 February 2023
clock icon 1 minute read

Nestle will continue with price rises this year to deal with raw material inflation, Chief Executive Mark Schneider said on Thursday, although he declined to say by how much, according to Reuters

"Continued pricing action is needed," Schneider told reporters after the food maker reported its full year results. "We have some continued repairing to do."

Inflationary pressure for ingredients like coffee or dairy products have eased, but the food company was still in "catch up mode," Schneider said.

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