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Nestle hikes prices again
February 16th, 2023 - 08:01 GMT

Nestlé hikes prices again as sale volumes drop

ALBAWABA — Swiss food giant Nestlé announced fresh price hikes on Thursday due to inflationary pressures and consumers curbing buying due to global economic burdens. Nestlé, the maker of Nespresso capsules, Maggi bouillons, KitKat chocolate bars and Purina pet food, said sales rose by 8.4 percent to 94.4 billion Swiss francs ($102.3 billion) in 2022. But real internal growth — a measure of sales volumes and consumers’ product choices — ...
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