Unilever revenue up on price hikes
Unilever on Thursday reported higher revenue in the first quarter as high inflation pushed the British consumer goods giant to hike prices.
The maker of products ranging from Magnum ice cream and Cif surface cleaner to Dove soap, said revenue increased seven percent to 14.8 billion euros ($16.4 billion) compared with the first three months of 2022.
Unilever, like companies worldwide, is passing on higher costs to customers as inflation stays stubbornly elevated.
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