Highlights

  • Nestle had put up prices by 3.1 percent in the last quarter of 2021
  • Nestlé owns a whole host of brands including KitKat, Maggi

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Your KitKat to get expensive? Nestle joins McDonald's in hiking costs

Inflation measures how much the price of goods has changed over time

Your KitKat to get expensive? Nestle joins McDonald's in hiking costs

The price of chocolate also will leave a bitter after taste of expense. Nestle, producer of KitKat has raised prices by 6.5% in the first six months of this year and this may not be the end of it .

The Swiss multinational's price rise comes after fast food giants McDonald's and Coca-Cola announced price rises earlier this week.

In UK, the average price for a four-finger KitKat has rocketed by 15% from 60p to 70p since January.

Earlier this year, Nestle increased prices by more than 5% for the first quarter and warned that more rises could hit customers as it sought to pass on the impact of rising costs.

Nestlé owns a whole host of brands including KitKat, Maggi, Cereals including Cheerios.

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