Danone expects to continue raising prices this year after its steepest increases since the 1980s, mirroring industry competitors such as Nestlé and Unilever.
The French company, which makes yoghurt and bottled water among other products, raised prices 8.7 per cent year on year, led by sharp increases in North America and Europe in the final months of 2022 — the biggest increases in four decades, the company said.
“We expect to perform additional pricing rounds if and when needed” in 2023, said chief financial officer Juergen Esser.
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