Two of the world’s largest consumer-goods companies, Unilever PLC and Nestlé SA, reported stronger sales as a wave of inflation in many markets emboldened them to raise prices, according to The Wall Street Journal.
Unilever, the maker Hellmann’s mayonnaise and Dove soap, on Thursday said third-quarter sales climbed 3.8% on an underlying basis, with prices up 1.4%. Nestlé, which makes Kit Kat chocolate and Nescafe coffee, reported organic sales up 2.9% for the quarter, saying prices grew by 0.9%.
Kimberly-Clark Corp., which makes Huggies diapers and Kleenex tissues, in August said it was raising prices in North America to offset higher commodity costs.
Nestlé said higher pricing in the third quarter reflected inflation in commodity and freight costs in North America.
-RW
And there was much rejoicing at the Fed, as the PhDs celebrated rising prices as "good for the US economy."
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