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Why rising food costs may not hit consumers

from CNBC

From meat to produce and cocoa, food prices have climbed significantly lately — but food and grocery companies might not pass that cost on to the consumer. Nestle USA's CEO Paul Grimwood said the world's largest consumer goods firm has experienced "a little bit of inflation in the marketplace." But the food and beverage giant, with products ranging from Gerber baby food and Nescafe coffee to Kit Kat chocolate and Maggi soups, has so far offset costs thanks to improved efficiency at its factories. more


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