Nestlé forecast the slowest full-year sales growth in more than a decade as food companies worldwide struggle against consumer resistance to price increases.

Nestle, the world’s largest packaged foods maker, is counting on new products and price increases in the second half of the year to meet its full-year sales growth target after a weaker-than-expected first half, the company has said.

Food group Nestle has missed forecasts with a 4.2% rise in annual underlying sales and predicted only a similar outcome this year, saying it was getting harder to raise prices in a tough economic environment.