Marmite and Dove maker Unilever warns of more price rises this year

Consumer goods group says it faces higher costs and denies it is making windfall profits'

Unilever, the company behind brands including Marmite and Dove soap, has warned it will continue increasing prices for consumers this year but denied it was making windfall profits" during the cost of living crisis.

The London-headquartered company said on Thursday that while the level of inflation had likely peaked, prices had continued to rise, albeit at a slower pace compared with a year earlier. It would mean that Unilever would continue increasing prices for consumers in the first half of the year, even if it meant shoppers bought fewer items as a result.