Everyday Power- The parent company of Durex said it would raise prices to offset inflation
[What's New]
$NESTLE SA (NSRGF.US)$, the manufacturer of KitKat and Nescafe, has warned that rising manufacturing costs would force it to raise prices. Nestle announced that it has already increased prices by 3.1 percent in the fourth quarter of its fiscal year.
$NESTLE SA (NSRGF.US)$, the manufacturer of KitKat and Nescafe, has warned that rising manufacturing costs would force it to raise prices. Nestle announced that it has already increased prices by 3.1 percent in the fourth quarter of its fiscal year.
The food group's CEO, Mark Schneider, predicted that prices will rise this year, saying it was a "safe assumption."
$RECKITT BENCKISER GROUP PLC (RBGPF.US)$, the parent company of Durex and Dettol, announced it will increase prices to meet raising operating expenses.
Reckitt CEO Laxman Narasimhan said, "In 2022, we will use appropriate price and net revenue growth management initiatives to mitigate these headwinds and will continue to execute on our excellent efficiency program."
Is inflation affecting the aforementioned firms' share prices in addition to raising their operational costs? Or does it have an impact amlost whole markets? ![]()
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[Everyday Power]
[Everyday Power]
1. Inflation is a quantitative measure of how much the average price of a basket of selected goods and services in an economy has risen over time.
2. The most commonly used inflation indexes are the Consumer Price Index (CPI)
3. Inflation can be contrued as either a good or a bad thing, depending upon which side one takes.
More investing basics will be offered in <Everyday Power>. Keep learning to be a master investor. ![]()
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