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Big, international product companies are passing on higher costs to consumers

Reuters 04/21/2022

Companies as diverse in their offerings as Nestle, Danone, Tesla and United Airlines all have one thing in common — they have all been enjoying strong sales demand despite higher prices in recent months. “We stepped up pricing in a responsible manner and saw sustained consumer demand,” said Nestle, which reported a 7.6 percent increase in organic sales in its first quarter.

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