The Sarcasm Report v.120

August 3, 2011
Price rises set to drive Unilever's Q2 growth

Unilever warned in April that its raw material costs would spiral up by 14-16 percent this year to put an extra 2.4 billion euros on its annual commodity and packaging bill of around 15 billion euros.

All food groups are grappling with soaring costs but with Unilever's heavy reliance on vegetable oils and chemicals it has warned its input costs would rise more than European rivals Danone and Nestle.

This is fantastic news for those who thought the global growth engine was dying.