Economics
U.S. Companies Bump Up Prices on Supply Squeeze, Demand Boom
- Manufacturers hit by across-the-board rise in materials prices
- On earnings calls, executives say they’re passing on the costs
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U.S. companies face soaring bills for all kinds of materials that they need to do business -- and surging demand is helping them pass on those higher costs to their customers.
In early-season earnings calls, executives from burrito chain Chipotle Mexican Grill Inc. to appliance giant Whirlpool Corp. and diaper maker Procter & Gamble Co. have outlined price hikes, largely in response to rising materials costs.