Unilever issues warning more prices are set to rocket due to surging costs
UNILEVER, the maker of Marmite, Dove, Lynx, Hellmans and more, has warned its prices will have to rise due to surging costs.
Unilever... costing more
Chief Executive Alan Jope said increases were inevitable, pointing out that crude oil prices leapt by 60 percent last year, while palm oil - used across its range of products - now costs 130 percent more.
What is happening where you live? Find out by adding your postcode or visit InYourArea
Shipping and transportation costs have also soared.
Analysts at research group GlobalData believe the resultant price hikes at tills could force customers to switch to cheaper supermarket own-label products.