Unilever hikes prices as costs pressure builds

Published by
Reuters UK

By Richa Naidu (Reuters) -Unilever beat first-quarter sales forecasts as the maker of Dove soap and Ben & Jerry’s ice cream hiked prices by over 8% to offset higher supply chain and energy costs, more than outweighing a dip in sales volumes. Consumer goods makers around the world have been raising prices to make up for soaring energy, commodities, labour and transportation costs, with the Ukraine conflict exacerbating inflationary pressures already building in the recovery from the COVID-19 pandemic. Unilever warned on Thursday it expected to raise prices further, increasing its forecast for c…

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