Unilever announced on Thursday that it has hiked up prices to cope with rising supply chain costs, and warned that inflationary pressures would linger for at least a further year, as economies recover from the pandemic. The British multinational consumer goods company that makes Dove soap and Knorr soup said that in the third quarter it increased prices by 4.1 percent to “offset rising commodity and other input costs.” The move “is a step up from the first half of the year,” Unilever said in a statement, noting that it is taking pricing action to offset rising commodity and other input costs. According to Bloomberg, the price hike is the fastest in nine years. Chief Executive Officer Alan Jope told Bloomberg Television in an interview that he predicts at least another 12 months of inflationary pressure. “Peak inflation will be in the first half of 2022, and it will moderate …
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