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Unilever, Nestlé Hike Prices Amid Rising Costs

4/24/2025

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Summary

Story summary

Unilever and Nestlé have increased consumer prices in response to cost inflation and tariffs.
Unilever's prices rose by 1.7% in early 2023, influenced by dairy and cocoa inflation.
Nestlé's prices surged over 2%, primarily due to higher coffee and cocoa costs, despite declining pet food sales.
Unilever intends to separate its ice-cream business, while PepsiCo anticipates no profit growth this year amid rising supply chain expenses.

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Story summary

Unilever and Nestlé have increased consumer prices in response to cost inflation and tariffs.
Unilever's prices rose by 1.7% in early 2023, influenced by dairy and cocoa inflation.
Nestlé's prices surged over 2%, primarily due to higher coffee and cocoa costs, despite declining pet food sales.
Unilever intends to separate its ice-cream business, while PepsiCo anticipates no profit growth this year amid rising supply chain expenses.