Nestlé raises food prices again despite NGO protests
The price of some Nestlé products has risen by as amuch as 12% in recent months.
Keystone / Martin Ruetschi
Swiss food manufacturer Nestlé has raised prices 9.8% on average for its products, adding further fuel to arguments that the multinational is profiteering from inflation.
This content was published on
1 minute
swissinfo.ch
Español
es
Nestlé vuelve a subir los precios de los alimentos pese a las protestas de las ONG
Sales grew 5.6% to CHF23.5 billion ($26.5 billion) in the first three months of this year as consumers swallowed price increases of up to 12% for some ice cream, dairy and pet food products.
Last month, Greenpeace International accused the food company of using the Ukraine war and rising energy costs as a fig leaf to boost shareholder returns.
More
More
Why is your favourite chocolate getting more expensive?
This content was published on
The cost of raw materials used to make chocolate has gone up and even the cheapest chocolate treats have become dearer.
Greenpeace labelled Nestlé as one of the worst offenders along with 19 other multinational food producers and commodity suppliers.
The complaints from the NGO followed average Nestlé price hikes of above 10% at the tail end of 2022.
But Nestlé CEO Mark Schneider said on Tuesday that the price rises were “responsible” and necessary to meet “ongoing pressures from two years of cost inflation”.
Inflation rates have reached double figures in many parts of the world since Russia’s invasion of Ukraine.
In Switzerland, the price of goods rose by a more modest 2.8% last year but the price of some food staples, such as margarine and cooking oils, rose by 20% in March on an annual basis, according to research from price comparison portal Comparis.
Living longer: What do you think about the longevity trend?
The longevity market is booming thanks in part to advances in the science of ageing. What do you think of the idea of significantly extending human lifespan?
Over 50 former diplomats blast Switzerland for ‘silence’ on Israel
This content was published on
In a joint letter, 55 former diplomats have expressed their shock at Switzerland’s “silence and passivity” regarding Israel’s “war crimes” in Gaza.
Swiss Solidarity donations surpass CHF4 million for landslide victims
This content was published on
As of Sunday morning, Swiss Solidarity’s provisional donation amount for the landslide area was around CHF4.3 million ($5.2 million).
Swiss aid expert criticises Gaza Humanitarian Foundation
This content was published on
The aid work of the Gaza Humanitarian Foundation is insufficient says Swiss government Delegate for Humanitarian Aid Dominik Stillhart.
Danger in Lötschental valley landslide area remains high
This content was published on
According to the authorities in canton Valais, the danger in the landslide area in the Lötschental valley remains very high on Sunday.
Swiss president visits region affected by glacier collapse
This content was published on
Swiss President Karin Keller-Sutter spoke with communities affected by the Birch glacier collapse, which buried the village of Blatten.
This content was published on
On Saturday the Lake Geneva, Valais and Basel regions are expected to record the first tropical day of the year, with temperatures exceeding 30°C.
This content was published on
Swiss pay packets decreased by 1.9% in real terms last year as inflation erased wage hikes and further dented spending power.
Swiss food staples up to 20% more expensive from last year
This content was published on
Inflation continues to hit Swiss consumers, with the price of some food staples, such as margarine and cooking oils, rising by 20% in March on an annual basis.
You can find an overview of ongoing debates with our journalists here . Please join us!
If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.