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Marmite and KitKat makers say prices may rise further amid cost pressures
Unilever and Nestlé report first-quarter increases and indicate more could be on way due to tariff war and cost inflationBusiness live – latest updatesUnilever and Nestlé have raised prices for consumers – and indicated further increases could be on the way amid cost inflation and Donald Trump’s tariff war.Fernando Fernandez, the new boss of the Marmite, Dove and Domestos owner, Unilever, said the company had “seen some commodity inflation returning” in recent months that could flow through to more price rises. However, Unilever will be “very cautious” in its approach, Fernandez said, with increases the “last resort to which I go. Before that we will try to manage our cost base”. Unilever put up its prices by an average 1.7% in the first three months of this year. Continue reading...
Unilever and Nestlé report first-quarter increases and indicate more could be on way due to tariff war and cost inflation
Unilever and Nestlé have raised prices for consumers – and indicated further increases could be on the way amid cost inflation and Donald Trump’s tariff war.
Fernando Fernandez, the new boss of the Marmite, Dove and Domestos owner, Unilever, said the company had “seen some commodity inflation returning” in recent months that could flow through to more price rises. However, Unilever will be “very cautious” in its approach, Fernandez said, with increases the “last resort to which I go. Before that we will try to manage our cost base”. Unilever put up its prices by an average 1.7% in the first three months of this year. Continue reading...
