Consumer products giant Unilever, behind brands such as PG Tips and Marmite, has said the prices it charges for products have increased rapidly in the last few months. Prices have gone up by 8.3%, the consumer giant said, as costs for raw materials skyrocketed.
The company also warned it is facing even higher costs in the remainder of the year. The higher prices meant that some customers, especially those in Europe and Latin America, bought less from the company.
But the amount of money Unilever made in sales still increased by 7.3%, it said. Whether or not that changes as prices potentially rise further remains to be seen.
