Marmite and Dove maker’s profits soar on back of price rises

Consumers buy fewer products in cost of living crisis but Unilever's revenues rise

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The maker of Marmite, Dove soap and Ben & Jerry's ice-cream, Unilever, has reported rising revenues after it increased prices by nearly 10%, even as consumers squeezed by the cost of living crisis bought fewer products.

The FTSE 100 company said its underlying sales rose by 9.1% in the first half of the year compared with a year earlier, in a statement to the stock market on Tuesday. Price rises accounted for the entirety of the growth, with the volume of goods sold dropping by 0.2%.