The company behind Dove and Ben & Jerry's is hiking prices

Unilever is hiking prices to cope with soaring supply chain costs and expects inflation to accelerate into next year.

The owner of Dove and Ben & Jerry's said Thursday that it increased prices by 4.1% in the third quarter to "offset rising commodity and other input costs." The pricing action "is a step up from the first half of the year," Unilever (UL) added in a statement, as it increased pricing across all major categories.

The increase is the fastest in at least seven years, according to Bloomberg, and comes as consumer goods producers grapple with spikes in the costs of shipping, raw materials and labor.