Nestlé raises food prices again despite NGO protests
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.
Switzerland to introduce flight passenger database
This content was published on
Switzerland plans to introduce a flight passenger database to collect and process personal data in a bid to combat terrorism and serious crime.
Government plans to invest over CHF16bn in Swiss rail network
This content was published on
The federal government intends to invest CHF16.4 billion ($18.1 billion) in railway infrastructure between 2025 and 2028, CHF2 billion more than for the current period.
Swiss to vote on pension reform and biodiversity in September
This content was published on
Swiss citizens will vote on occupational pension schemes and a biodiversity initiative on September 22, the Federal Council announced on Wednesday.
Ukraine peace talks: 50 countries have confirmed participation
This content was published on
To date, 50 countries out 160 invited delegations have confirmed they will attend the Ukraine peace conference, held in central Switzerland in mid-June, according to Swiss public radio, RTS.
Federer-backed On boosts forecast after sneaker demand rises
This content was published on
Swiss footwear company On Holding AG posted strong first-quarter revenue, boosted by demand for its running shoes and new line of training apparel.
Michael Schumacher’s watches fetch CHF4 million at Swiss auction
This content was published on
Watches belonging to Formula 1 great Michael Schumacher sold for around CHF4 million ($4.41 million) at auction house Christie's in Geneva on Tuesday.
Macron will attend Swiss summit on Ukraine, says Zelensky
This content was published on
French President Emmanuel Macron will attend the peace conference on Ukraine at the Swiss Bürgenstock resort next month, according to Volodymyr Zelensky.
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.