Nestlé pushes through largest price hikes in decades

Concerns have been rising that branded consumer companies could start to lose market share to cheaper private label manufacturers as cash-strapped shoppers cut costs. Photographer: Stefan Wermuth/Bloomberg

Nestlé sales are surging as the world’s largest food maker pushes through the largest price increases in decades, overcoming the first fall in volume for years.

The maker of Nespresso coffee and Purina pet food said it expects full-year revenue growth of about 8%, the top end of its previous forecast range.