Reuters

The only way is up: corporate chiefs warn on prices

For central bankers wrestling with the question of whether inflationary pressures are transitory, industry chiefs around the world have a clear message: prices are only going higher. Shortages of workers, fuel, cargo ships, semiconductors and building materials as the global economy bounces back after pandemic lockdowns have companies from electric car makers to chocolatiers scrambling to keep a lid on costs. “We expect inflation to be higher next year than this year,” said Graeme Pitkethly, finance chief at Unilever, which says its products, from Dove soap to Ben & Jerry’s ice cream to Persil washing powder, are used by 2.5 billion people every day.

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