Inflation Pushes Consumer-Goods Giant Unilever to Accelerate Price Increases

The maker of Dove soap and Hellmann’s mayonnaise warned of accelerating price increases across a range of products, as it seeks to counter cost inflation across its business. Unilever UL -5.43% PLC said Thursday that it was grappling with higher costs for ingredients, packaging and transportation, which would likely lower its full-year profitability—a warning that sent shares down 5% in early trading. The London-listed consumer-goods giant said it would step up price increases across the world, having already raised prices 1.6% in the second quarter… (Excerpts from the Wall Street Journal)