Nestlé and Danone price hikes may put them on France's inflation watch list

French shoppers have paid more than 20% more for Nestlé products each month since January compared to last year, data shows

French prices of products made by Nestlé, the world's biggest food company, and Danone have increased by substantially more than 10% since the start of this year versus last year, according to NielsenIQ data.

Food giants Nestlé and Danone are among firms whose product prices in France have risen by more than 10% this year, data shows, potentially putting them under government pressure to renegotiate with French retailers.

French finance minister Bruno Le Maire said earlier this month he had secured a pledge from 75 food companies to cut prices.