10 companies have said they'll pass along rising costs to customers | Beaufort County Now | Biden's hidden tax?

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10 companies have said they'll pass along rising costs to customers

"Some, including the Federal Reserve, argue that rising costs are only "transitory" - a result of supply and demand imbalances brought about by the pandemic and rapid reopening.

Others, including Cambridge's Mohamed El-Erian, claim that inflation could be here to stay and question the Fed's insistence on maintaining ultra-accommodative policies as the pandemic winds to an end.

Whatever side of the argument investors land on, one thing is clear, dozens of companies are raising prices due to the increasing costs of basic commodities.

From Coca-Cola to Campbell Soup, the majority of these price increases have come from consumer staples companies that are most affected by commodity costs.

Whether or not current price increases will remain over the long-term is clearly up for debate, but for the everyday consumer, the reality is life is now more expensive than it was last year."

List of 10 companies that have already said they are passing rising costs onto consumers due to inflation in Article.

Just like a temporary tax, they never go back.  If the govt says temporary, look out it will be anything but.  

And wait until the companies that sell the products add their increase from all the new taxes.  How is it that song go, you ain't seen nothing yet.  


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