LONDON: Unilever Plc accelerated price increases to the highest rate in years, offsetting rising raw material costs and a decline in shipments in South-East Asia due to Covid-19 outbreaks.
The maker of Lifebuoy soap and Oxo beef stock said it increased pricing by 4.1% in the third quarter, the fastest in at least seven years.
That offset an unexpected decline in shipments.
Rivals, ranging from Procter & Gamble Co to Nestle SA to Danone SA, have all warned of strained supply chains and soaring commodity costs.
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