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Inflation Drumbeat Reverberates on Latest U.S. Earnings Calls
Temporary may well extend into 2022. The outsize gains in U.S. inflation measures that exceeded forecasts over the last four months have been borne out in recent corporate earnings calls, with many executives highlighting greater pricing power. During the kickoff to the current earnings season, companies including paints and coatings producer PPG Industries Inc., beverage maker Coca-Cola Co. and industrial supplies distributor Fastenal Co. have telegraphed building price pressures. “This inflation cycle is much higher than anyone anticipated and we’re continuing on a business by business basis, working to secure ... (full story)