Manufacturers KitKat and Durex warned of price increases

Manufacturers of KitKat chocolate and Durex condoms warn of price increases

Nestle, maker of KitKat chocolate bars and Nescafe coffee, will raise prices on its products this year. Reckitt Benckiser will take the same step. Both companies reported growth in sales.

Nestle, the maker of KitKat chocolate bars and Nescafe coffee, will raise prices for its products this year due to higher production costs. informed BBC CEO Nestle Ulf Mark Schneider.

According to him, production costs will increase in 2022 compared to the past, which will be reflected in prices. “Almost all of the company’s activities are affected by inflation,” Schneider said. “Something can be insured, but something can’t,” he added.

Reckitt Benckiser, maker of Durex condoms and Dettol sanitizers, also announced price increases. In 2021, her expenses increased by 11%. However, according to Reckitt CEO Laxman Narasimhan, this does not mean that product prices will increase by the same amount.

Reckitt CFO Jeff Carr said that the company’s costs have increased in all areas – raw materials, in particular plastic, have risen in price, logistics and personnel costs have increased.

Nestle has already raised prices – in the fourth quarter of the financial year, they rose by 3.1%, the publication says. As Schneider said, “it can be assumed” that in 2022 the company’s expenses will increase more than in the previous year.