Nestlé's prices rose 5% in the first quarter. There's more to come
CNN
Nestlé, the world's biggest food and drinks company, raised prices by more than 5% in the first three months of this year as it passed on rising costs to shoppers.
Consumers in North America took the hardest hit, with an 8.5% rise in prices, the company said in its first-quarter earnings report Thursday. Latin America saw the second-biggest increase, with the price of Nestlé products rising 7.7%.
CEO Mark Schneider signaled that more increases are on the horizon.
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