Unprecedented inflation ahead as Ukraine war adds to costs, says Unilever

Rise in energy and ingredient costs suggests consumers will have to pay more for well-known brands

The consumer goods firm Unilever has said unprecedented cost inflation" lies ahead as Russia's war on Ukraine has added to a surge in energy and ingredient costs, and said that shoppers will pay even more for well-known brands in the coming months.

The company, which makes goods ranging from Dove soap to Magnum ice-cream and Marmite, said on Thursday it expected its costs to rise by 2.7bn (2.3bn) in the second half of 2022, after an already steep increase on the 2.1bn expected for the first half.