MARMITE fans are among the shoppers who are likely to see more wounding price hikes lie ahead.
It had lifted prices 11 per cent in the second quarter compared to a year prior.
Underlying sales growth of 8.1 per cent was "driven by strong pricing to mitigate input cost inflation, which, as expected, had some impact on volume,"
The consumer goods giant boosted its guidance for sales growth, "driven by price with some further pressure on volume".
Chief financial officer
Further price increases in the second half of the year were likely on the horizon, according to
"Inflation will continue to erode
Retail chiefs have warned more price increases could be on the way, with the
Shop price annual inflation surged to 4.4 per cent this month, the highest pace since the BRC and Nielsen IQ's shop price index started in 2005.
(c) 2022 City A.M., source