Cereal makers KitKats and Nesquik raised prices

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by more than 5% in the first three months of the year.The price increase helped Nestle report 7.6% sales growth during the period.As costs increase, Nestle head Mark Schneider said,

additional pricing and mitigation actions will be needed throughout the year.We raise prices in a responsible manner. and seeing sustainable consumer demand,” added Mr. Schneider.Global food prices are the highest since records 60 years ago, according to the United Nations Food Price Index.

in the UK The cost of living is rising the fastest in 30 years as energy, fuel and food prices continue to soar. and causing more pressure on the household budget Analysts said a 5.2 percent increase in Nestlé prices helped sales increase more than expected.