Marmite and PG Tips maker Unilever hikes prices to offset 'elevated' costs

The company behind brands such as Marmite, PG Tips and Ben & Jerry’s has reported a rise in sales for the past quarter as it was boosted by price hikes. But consumer goods giant Unilever warned it had seen “strongly elevated” levels of cost inflation and expected this to continue into 2022. Chief executive Alan Jope nevertheless held firm on the group’s profit guidance. “We have and will continue to respond across our categories and markets, taking appropriate pricing action and implementing a range of productivity measures to offset increased costs”, he said. “We continue to expect that we will…