Price Increases Underpin Sales Growth At Nestlé, Unilever
Nestlé and Unilever, two of the world's biggest consumer goods makers, both reported a pick-up in quarterly sales 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 Nestlé had to rely almost entirely on selling more goods to drive revenue growth.
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