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Price increases underpin sales growth at Nestle, Unilever

Business Finance

Reuters  |  LONDON 

By Martinne GellerLONDON (Reuters) - Nestle and Unilever, two of the world's biggest consumer goods makers, both reported a pick-up in quarterly sales on Thursday after getting higher prices for their products. The increased cost of oil, as well as a strengthening of the US dollar, in which many commodities are priced, has given makers of food and toiletries greater scope to push through price rises in an inflationary environment.This is a change from earlier this year, when pricing was steady and the likes of Unilever and Nestle had to rely almost entirely on selling more goods to drive ...

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First Published: Thu, October 18 2018. 17:16 IST