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U.S. Companies Bet Shoppers Will Keep Paying Higher Prices
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wsj.comSome of the world’s biggest companies are betting consumers will keep paying more for products from coffee to toilet paper.
Corporate giants including Procter & Gamble Co. , Nestlé SA and Verizon Communications Inc. say they plan to continue raising prices or pushing customers to buy more expensive products into 2022 to offset fast-growing costs amid a global supply-chain crisis. Gillette razors, Nestlé coffee and Chipotle burritos are among the products that could get more expensive in coming months.
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