Dr Pepper Snapple Group said it expects the company to make “modest price increases” next year

Dr Pepper Snapple Group said it expects the company to make “modest price increases” next year

The CEO of Dr Pepper Snapple Group (DPSG) has said that he expects "modest [CSD retail] price increases" next year.

Speaking at an industry conference in the US yesterday (12 December), Larry Young told attendees that the firm expects to see price increases of around 1.5% to 2% in 2012. The CEO added that the company expects cost increases next year to "generally be more favourable than they were in 2011", the Wall Street Journal reported.

DPSG, along with competitors The Coca-Cola Co and PepsiCo, have all implemented price increases over the past year in a bid to offset commodity cost increases.

Following the firm's third-quarter results in October, the company said its focus was still on building its leading brands, despite having pulled back on marketing spend in the quarter.

When contacted by jus-drinks today (13 December), a spokesperson for the firm said: "DPSG will provide further clarity and commentary about our 2012 guidance, including pricing, during our fourth-quarter earnings call."