Nestle plans further price hikes to combat rising costs
Inflationary prices for dairy have eased somewhat
16 February 2023
1 minute read
By: 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.
