Consumer-Goods Giants Procter & Gamble and Unilever Exemplify 1 Emerging Trend for 2023
If you're tired of prices at the grocery store going higher and higher, then recent comments from Alan Jope, CEO of consumer-goods conglomerate Unilever (NYSE: UL), may be unsettling. Speaking to a CNBC reporter at the World Economic Forum last week, Jope reiterated something he said in October; back then he said we're "probably not at peak prices," and that's still the case today.
Unilever is a single data point. But similar data from fellow consumer-goods company Procter & Gamble (NYSE: PG) establish an emerging trend for 2023: Inflation may be coming to an end, but the consequences of inflation are still working their way through the system. Here's what it means for investors.
Unilever's brands include well-known consumer staples like Dove soap and Hellmann's mayonnaise. Its products are sold around the world, and that gives the company perspective that not every company has. With operations in countries like Argentina and Turkey, Unilever has seen periods of high inflation before and is quick to act.
Source Fool.com
