Prepare for higher prices for ice cream, beer, and bottled water – .

Prepare for higher prices for ice cream, beer, and bottled water – .

Manufacturers of some of the world’s best-selling food and drink brands have warned they will continue to raise prices as they grapple with the highest inflation in years.
Nestlé SA, Diageo PLC, Anheuser-Busch InBev SA and Danone SA all said on Thursday that sales were increasing as key markets rebounded from the pandemic, but that the recovery was also leading to rapid increases in the costs of ingredients, packaging and food. transport.
Nestlé said its ice cream has become more expensive, spirits giant Diageo has raised prices for brands like Baileys and Casamigos tequila, and brewer Budweiser AB InBev is considering higher prices for its beers. Meanwhile, Danone, which makes Activia yogurt and Evian water, has said it will raise prices across all of its categories to try to maintain profitability.
“We expect the price increases to accelerate from what you saw in the first half of the year,” Nestlé CEO Mark Schneider said. “After several years of low inflation, suddenly it accelerated very strongly from March and continues to accelerate. “
Businesses across many industries are facing rising costs from coffee to aluminum and shipping as the recovery from Covid-19 gathers pace. This leads to higher prices for many products, pushing US inflation to rise at the fastest rate in over a decade.


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