Boots & Sabers

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Owen

Everything but tech support.
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2053, 29 Apr 21

Inflation Coming

In my day, we called this “inflation.” 

Procter & Gamble, Kimberly-Clark and Coca-Cola have all warned that they’ll raise prices on many of their products as raw material costs rise. Plastic, paper, sugar, grain and other commodities are all getting more expensive as demand outpaces supply. Companies are also paying more for shipping as fuel costs rise and ports experience longer delays because of congestion.

 

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Prices for many consumer goods, such as toilet paper, ticked up modestly over the last few months, according to data from NielsenIQ. Pressure is building, though, as costs increase for companies and many have signaled that the price increases are coming later this year and likely into 2022 to offset the impact.

 

Cheerios maker General Mills is considering raising prices on its products as things like grain, sugar and other ingredients become more expensive. Hormel Foods has already increased prices for Skippy peanut butter and its turkey products. Kimberly-Clark, which makes Kleenex tissues and Scott toilet paper, said price increases will cover about 60% of its product portfolio and expects the increases and more productivity to offset most of the higher raw material costs.

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2053, 29 April 2021

5 Comments

  1. Mar

    Welcome to Senile Joe’s economy.
    Not to mention gas prices and wood products, besides paper.

  2. steveegg

    (Don’t) worry – the printing presses are electronic now, so they’ll keep up. Just wait until the “Drive To $15” reaches its intermediate goal and transitions to “Drive To $50” (and then “Drive to $500…er…$5,000,000…er…Eleventy Gazillion Quatloos”)

  3. dad29

    Quatloos

    Ooooohh!! You have one I can look at??

  4. Merlin

    Inflation is already here. In the real world. Not the one where Democrats refuse to talk about it so therefore it doesn’t exist. Time to find out where those folks do their shopping.

  5. Tuerqas

    “Time to find out where those folks do their shopping.”

    Heh, they just bill the US Government.

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