Companies like Unilever, P&G, and Nestlé plan to raise prices due to rising ingredient costs

From Yahoo Finance: 2025-04-24 11:39:00

Unilever and Procter & Gamble hint at potential price increases on popular products like Magnum ice-creams and Pampers due to ingredient costs rising amidst Trump’s tariff war. P&G predicts up to $1.5 billion in new tariffs annually, leading to 3% price rises in beauty products. Unilever cautious with price hikes as commodity inflation returns.

Nestlé also sees prices rise by 2%, including a 3.2% increase in Nespresso coffee pods due to cost inflation on coffee and cocoa. PepsiCo no longer expects profit growth due to new tariffs increasing supply chain costs. Unilever continues plans to separate ice-cream business despite uncertain market conditions.

Unilever faces tension with Ben & Jerry’s over alleged efforts to dismantle the brand’s independent board and halt social activism. Unilever threatens to pull $5m funding from the brand’s charitable foundation amid legal disputes. Unilever insists Ben & Jerry’s is not for sale separately and proceeds with ice-cream business listing.

Read more: Magnum and Ariel makers say prices may rise further amid tariff pressures