Nestlé considering raising prices

Endaba Group

Nestlé is considering raising prices for UK consumers to compensate for the fall in the value of the pound. Paul Bulcke, Nestlé’s Chief Executive has named raising prices as one of their options to cope with the devaluation of the pound, although they would do so ‘responsibly’ and in discussion with trade partners. Price hikes from major manufacturers are likely to hit retailers and consumers from early next year. British Retail Consortium Chairman Richard Baker has said that the increases are inevitable