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Nestlé CEO Says Middle East Conflict Fuels Inflation and Higher Costs

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Sig2.78Sen-2.58Env0.00Soc-1.15Gov-0.37

Nestlé says it is raising prices, reformulating products and cutting items consumers are less willing to pay for as higher energy, freight and raw material costs rise after the Middle East conflict. The CEO said direct sales impact is limited because the region is 2%–3% of revenue, but supplier inflationary pressure is spreading. The FAO food price index is at its highest since 2023.

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