See why Nestle raises the price of Nespresso capsules all the way to Purina dog food.

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See why Nestle raises the price of Nespresso capsules all the way to Purina dog food.

 

Nestle increased its prices by more than 5% in the first three months of the year, the most in more than a decade.

And the world’s largest food producer has warned that rising costs of raw materials, labor, and energy will inevitably lead to greater price increases.

NewsReport gathered that the company raised prices on everything from Nespresso capsules to DiGiorno frozen pizzas and Purina dog food in the first quarter; consumers in North America were the hardest hit, with an 8.5 percent price increase.In Latin America, Nestlé product prices increased by 7.7%, the second-highest increase in the world.

Those price rises haven’t hurt Nestle’s balance sheet: it expects sales to grow 5% for the full year.

World Bank president David Malpass has warned that spiking food prices following Russia’s invasion of Ukraine could cause a “human catastrophe.”

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