Unilever expects more price rises for shoppers on back of higher costs
by Mark Sweney from on (#5W0DF)
Marmite and Dove maker forecasts cost inflation of 3bn for coming year and rules out more big deals
Unilever has signalled further price rises are ahead for shoppers as the company behind brands from Marmite to Dove forecast its own input costs would rise by as much as 3.5bn (3bn) this year.
The FTSE 100 consumer goods company said that after significant supply chain cost inflation last year it expected a further increase in the price of raw materials, freight and packaging in 2022, which was ultimately likely to result in consumers paying more for its products in supermarkets and other retail outlets.
Continue reading...