Unilever to raise prices of food and personal care products
Unilever plans to increase prices for its food and personal care brands throughout the remainder of the year and into 2027 to address rising costs. The decision aligns with similar actions by other major global corporations amid ongoing geopolitical and economic pressures.
Unilever has announced that it will implement further price increases for its food and personal care products throughout the remainder of this quarter and into 2027. According to company official Fernandez, these adjustments are necessary to manage ongoing cost developments, with price hikes expected to be higher than 2026 averages. The company manages a wide range of well-known brands, including food labels such as Knorr and Hellmann's, as well as cosmetic products like Vaseline, Dove, and Axe.
This trend follows similar warnings from major global corporations including Coca-Cola, Nestlé, and Procter & Gamble, as many firms look to offset economic pressures linked to the conflict in the Middle East. These planned increases continue a period of rising costs that began during the pandemic and intensified following the invasion of Ukraine. While Unilever and other major brands move to raise prices, the Dutch Consumers' Association recently noted that some store-brand budget products are actually becoming more affordable for consumers.
Based on reporting by nu. Translated and condensed by LocalHeadlines.
