World’s Largest Food Company Will Raise Prices Over Inflation

A logo of the world's leading food industry group Nestle is seen on Oct. 9, 2014 at the group's Research Center in Vers-chez-les-Blanc above Lausanne. Fabrice Coffrini/AFP via Getty Images

Nestlé, the world’s largest food and beverage firm, announced this week that it would increase prices on goods due to inflation.

Last month, consumer prices increased 5.4 percent in June from a year earlier, the biggest monthly gain since 2008.