Unilever sales beat estimates despite slow in price hikes

Packaged goods companies have been hiking prices as they grapple with rising costs in everything from sunflower oil to shipping

File Picture: PA

Unilever smashed quarterly sales forecasts on Thursday, with another big rise in prices from the maker of Dove soap and Ben & Jerry's ice cream triggering only a small dip in volumes.

The 10.7% increase in prices was, however, lower than in recent quarters, adding to signs that inflationary pressures might be easing as input costs declined.