McBride, the household goods group behind Oven Pride and own-brand cleaning products for retailers like Tesco and Sainsbury’s, has announced "temporary" price increases.
The company cites escalating costs from the Middle East conflict and warns of emerging supply chain shortages.
McBride noted that while previous impacts were limited to higher haulage costs from fuel price rises, "these conditions have now started to change."
Its "most heavily impacted" chemical and packaging suppliers are implementing price increases, facing rising costs for petrochemical-derived feedstocks and higher energy expenses in production.
"The first signs of possible shortages in supply chains around the world are beginning to emerge," the group added. McBride confirmed its costs are increasing this month and will rise further due to the conflict, necessitating price adjustments.
"The group has already informed all customers about temporary price adjustments, or surcharges to current pricing, to recover these higher, beyond our control, cost impacts from the Middle East conflict," McBride said.
The warnings come amid mounting worries over the impact of the conflict on supply and costs, having sent oil prices surging above 100 US dollars a barrel and causing widespread disruption to global shipping.
Supermarkets met with Chancellor Rachel Reeves and Energy Secretary Ed Miliband at No 11 on Wednesday to look at issues caused by the war and agreed to explore together how to ease the cost-of-living impact for consumers.
“They agreed to work together to explore what more can be done to ease the cost of living for consumers and strengthen supply chains,” a Government spokesperson said.
Helen Dickinson, chief executive at the British Retail Consortium, called it a “constructive” meeting and said that while “some inflation is inevitable, there are domestic policy levers that Government can pull in order to mitigate some of the inflationary pressures”.
It comes as economists for the FDF predicted food inflation will reach at least 9 per cent by the end of the year, up from the 3.2% that it had forecast in September last year.
McBride’s comments came in an update as it also announced a £34.5 million deal to buy Eurotab – a French-based specialist in cleaning tablets, such as for dishwashers.
