""There will be frequent price increases, but in small doses," Phatak told analysts at the company's earnings presentation. "That ensures that we get the right balance of giving value to the consumer while protecting our margin.""
""The Middle East crisis has created uncertainties and has made the outlook a bit challenging," Phatak said. "Inflation for us is just not one number. While there is crude and everyone really anchors around crude, it is complex because there are many crude-linked derivatives.""
Global energy disruptions are affecting consumer goods, especially laundry detergents, which contain petrochemicals from crude oil. Unilever plans to raise prices on home care products by 2.7% to 3.3% this year due to inflation and supply chain issues. The company anticipates cost inflation between 750 million and 900 million euros, significantly higher than previous estimates. Despite rising costs, the impact on U.S. consumers may be minimal. The ongoing Middle East crisis complicates the inflation outlook, as it involves various crude-linked derivatives.
Read at Fortune
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