
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.
Maria Corina Machado, the Venezuelan opposition leader and 2025 Nobel Peace Prize winner, arrives in Washington this week for high-stakes talks with US President Donald Trump on the future of Venezuela following the ouster of Nicolás Maduro. The meeting comes after Trump surprised many by allowing Maduro’s vice president, Delcy Rodríguez, to assume control, dashing opposition hopes for a new democratic era.

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