Unilever sales impress but the consumer goods giant warns of further price hikes next year

Consumer goods multinational Unilever has warned shareholders that it is under pressure to hike prices to offset surging costs, and expects inflation to be even higher next year. Unilever posted sales growth of 2.5 per cent in the third quarter, above analyst expectations of 2.2 per cent, and maintained its full-year profit forecasts. The firm said it was able to shake off weak revenues in South East Asia, where business continues to be hampered by Covid-19 restrictions, as it saw strong performance in its key markets of the US, China and India. Unilever saw turnover of €13.5billion as a 1.5…