Nestlé says more price rises are coming after 5.2% increase

KitKat and Nescafe owner blames surge in cost of ingredients, energy, labour and transport

Nestle, the owner of KitKat, Haagen-Dazs and Felix cat food, raised its prices by 5.2% in the first three months of this year and has said rising costs will force another increase soon.

Mark Schneider, its chief executive, said: Cost inflation continues to increase sharply, which will require further pricing and mitigating actions over the course of the year."