What if inflation is transitory and stagflation is permanent?
— Sven Henrich (@NorthmanTrader) June 30, 2021
Houses 🏘️ outpacing Wages rapidly pic.twitter.com/3tdJn0k7Jx
— Win Smart, CFA (@WinfieldSmart) June 30, 2021
Costs for cardboard packaging, aluminum for beer cans, labels, transportation and energy are all going up. That is part of a wider burst of inflation hitting many industries in the developed world as economies recover from Covid-19 lockdowns.
The food maker, which generated $4.52 billion in sales for the latest quarter, anticipates logistics costs and expenses for raw materials to rise during its new fiscal year.