Prices have been raised at KitKat and Cheerios maker Nestle as the food group signalled further increases are on the way due to soaring costs.
The Swiss-headquartered company pushed its prices 3.1% higher during the last three months of 2021, compared with the same period the year before, to offset the increased cost of making its products.
Mark Schneider, chief executive of the firm, added shoppers should expect higher prices across the sector.
