Due to rising costs, consumer goods giant Unilever has decided to increase prices.

Unilever's Chief Financial Officer, Srinivas Pathak, said during an analyst conference call that the company will implement price increases in multiple rounds, each with a relatively small increment. If inflationary pressures persist, Unilever may raise product prices by 2% to 3%. The price increases will be concentrated in specific markets and categories, especially household chemical products involving crude oil derivatives, and will mainly occur in the second half of the year. He noted that the scale of price hikes in parts of Asia, Africa, and Latin America will be relatively large. (Xinhua News Agency)