The world's biggest food company says prices are going even higher

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. Schneider said he believes that inflation is transitory. But the owner of brands including Nescafe, Gerber and Cheerios said it would need to raise prices by roughly 2% to offset cost increases of 4%. Nestlé hiked prices by 1.3% in the first half of 2021.The company can hedge against

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