Friday, April 26, 2019

Maybe inflation is not dead as many major companies say they are raising prices

By CNBC, April 24, 2019

Companies seem to be talking a little bit more about how price increases are helping profits, an early sign that more inflation could be seeping into the economy.

“It’s not bad. [Prices] are sticking a little bit. Anecdotal evidence is what it is. I think the breadth of it is interesting. The idea that it’s not disastrous for companies is okay. It might even be good,” said Don Rismiller, Strategas Research’s chief economist. Rismiller pointed out that among the companies that have seen earnings boosted by price increases are railroads, Kimberly-Clark and Whirlpool.
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