Unilever yesterday reported higher revenue in the first quarter as high inflation pushed the British consumer goods giant to hike prices.

The maker of products ranging from Magnum ice cream and Cif surface cleaner to Dove soap, said revenue increased seven per cent to €14.8 billion compared with the first three months of 2022.

Unilever, like companies worldwide, is passing on higher costs to customers as inflation stays stubbornly elevated.

Rising revenue at Unilever in the first quarter was “driven by price growth in response to continued high input cost inflation and an improved volume performance”, outgoing chief executive Alan Jope said in the earnings statement.

Sign up to our free newsletters

Get the best updates straight to your inbox:
Please select at least one mailing list.

You can unsubscribe at any time by clicking the link in the footer of our emails. We use Mailchimp as our marketing platform. By subscribing, you acknowledge that your information will be transferred to Mailchimp for processing.