Nestle plans to increase product prices in 66 due to high production costs.
On February 4, 2566, Reuters news agency reported that Mark Schneider, CEO of Nestle, the world's largest food and beverage company, told the German newspaper Frankfurter Allgemeine Zeitung that the company will have to increase prices of food products in 2566. to compensate for higher production costs which cannot yet be fully passed on to consumers
The price increase for food products will not be as steep as it was in 2565, but Nestle's chief executive said that it would nevertheless be implemented in 2566.
In the first nine months of 9, Nestle reported organic sales growth of 2565%, with price increases accounting for 8.5%, as inflation in many developed countries surged to the highest level in decades. This was mainly driven by increases in food and energy prices.
