MAGNUMS and Marmite are set to be more expensive amid further price rises, owner Unilever warned.
Several other favourites could also rise in cost but it would vary from country to country, the Ben & Jerry’s ice cream and Hellmann’s mayonnaise firm added.
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CEO Alan Jope explained: “The major challenge of 2021 has been the dramatic rise of input costs. We responded with pricing actions. In 2022 we will manage a significant input cost inflation cycle.”
A spokesman for the firm added: “We don’t want to put prices up but we’re seeing the highest inflation we’ve seen in a decade.
“There will be price increases on some products and in some markets but it will not be uniform across the world.”
Further cost increases for raw materials, freight and packaging is expected this year after a significant supply chain cost inflation last year, they said.
Very high cost inflation of £1.7billion is expected in the first half of 2022, it added, but it forecasted strong sales growth.
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It comes after the consumer giant reported its strongest sales growth in nine years, taking around £50billion i 2021.
Susannah Streeter, of financial services firm Hargreaves Lansdown, said customers may switch to cheaper alternatives due to rising energy bills, petrol prices and borrowing costs.
But she added: “The strength of brands like Dove and Ben and Jerry’s should provide some resilience.”
