Nestlé raises sales guidance again after increasing prices amid inflation

While shoppers have turned to cheaper options in some product categories, consumers have shown a willingness to pay more for what they consider "small treats", such as KitKat bars

The maker of Nescafe coffee also reiterated its plan to increase its dividend year on year in Swiss franc terms. Photographer: Stefan Wermuth/Bloomberg

Nestlé's 2022 sales guidance was nudged higher for the third time this year as the world's largest packaged food company continues to counter sharp cost inflation by raising prices.

The consumer goods industry has increased prices for everything from soap to water this year, hoping people will stay loyal to their brands despite a global cost-of-living crisis.