Unilever raised prices by over 8 percent in the first quarter and warned more hikes were on the way as the maker of Dove soap and Ben & Jerry’s ice cream lifted its cost inflation forecast for the second half of the year due to the Ukraine conflict. The company said it now expected cost inflation would reach 2.7 billion euros ($2.8 billion) in July-December, up sharply from its previous estimate of 1.5 billion. Consumer goods makers around the world are lifting prices to make up for soaring energy, commodities, labor, and transport costs, with the Ukraine conflict exacerbating inflationary pressures already building in the recovery from the pandemic. ...
Source: https://www.theepochtimes.com/unilever- ... 33623.html
Unilever Warns of More Price Hikes as Cost Pressures Build
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Unilever Warns of More Price Hikes as Cost Pressures Build
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