As the cost of living crisis continues to harm household spending power, Unilever forecast a €1.5bn (£1.3bn) impact from inflation during the first half of its financial year.
The company, which also includes brands such as Domestos and Hellmann’s in its stable, and rivals raised prices as COVID pandemic supply woes and latterly Russia’s war in Ukraine significantly pushed up input costs.
While production costs spiked because of soaring energy prices, the invasion saw many other commodities – such as cocoa, wheat and sunflower oil – also rise sharply.
