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Evening Standard
Evening Standard
Business
Mark Banham

KitKat and Nespresso maker Nestlé warns of more price rises on the way

Nestlé Inflation Mark Schneider

Nestle

(Picture: AFP via Getty Images)

Nestlé has become the latest company to warn of more price increases to come as cost inflation in its supply chain bites.

The food and drink business, which makes everything from KitKat to Nespresso coffee machines, said today it had hiked prices by an average of just over 5% in the first quarter of 2022 and warned of more price rises to follow.

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