From KitKat to coffee and cat food, surging prices will continue to chill shoppers
The Swiss food manufacturer, which produces the KitKat chocolate bar, says that price increases are necessary Nestlé, the world’s biggest food group, has said price rises this year are still necessary despite lifting them 8.2 per cent last year.
and now we’re trying to repair the damage that has been done,” Mark Schneider, Nestlé’s chief executive, said. The firm said in most cases the volume falls did not signal consumers trading down to cheaper products.
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