Price hikes drive growth at Mondelez, but volumes and profits hit

Mondelez confectionery chocolate

The owner of Cadbury and Oreo increased prices by 7.1 percentage points in the three months to 30 June, with the group pushing prices harder in emerging markets versus its developed ones

Price hikes at Mondelez have powered the chocolate and snack giant to 5.6% organic revenue growth in Q2, despite a drop in volume in almost every market.

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