Nestlé raises prices by 6.5% in first six months of the year

Swiss food and beverage group says sales rose 9.2% driven by price increases, beating expectations

The maker of KitKat, Nespresso, Haagen-Dazs ice-cream and Maggi stock cubes has blamed significant and unprecedented cost inflation" for a 6.5% rise in prices in the first half of this year.

Nestle's sales rose ahead of expectations driven by the price increases, analysts said, increasing 9.2% to 45.6bn Swiss francs (39bn) in the half year, although net profit decreased by 11.7% to 5.2bn francs.