Unilever CEO: We learned to do business amid high inflation in Turkey

The CEO of the British company Unilever spoke about inflation in Davos.

Speaking to US-based CNBC television in Davos for the World Economic Forum, CEO Alan Jope said inflation may have peaked, but prices probably haven’t.

Stating that they have experienced extraordinary pressure on input costs in the last 18 months, Jope said he expects price increases to continue in the near future, even though the rate of increase has slowed.

THE CASE OF ARGENTINA AND TURKEY

The head of Unilever, the world’s largest consumer products company, said they know how to do business in a high inflation environment, and this is because they do business in countries like Turkey and Argentina.

Stating that consumption has remained resilient so far despite price increases, Jope said: “We see the potential for greater volume flexibility as energy costs prevail during the winter months and as prices decline. household savings and price increases continue.

Unilever announced that, starting in the third quarter of 2022, there was an average annual increase in the price of its products of 12.5 percent.