The world's biggest food company says prices are going even higher
CNN
The world's largest food and beverage company is introducing even bigger price hikes as commodity and transportation costs surge.
Nestlé, which sells everything from ice cream to coffee and cereal, said on Thursday that it would respond to higher input costs by raising prices in the second half of the year. "Inflation has been virtually absent for a number of years and then pointed up very sharply. It hit us directly," CEO Mark Schneider told reporters on a conference call.More Related News