WASHINGTON—Widespread commodity shortages are raising production costs for many consumer brands from Coca Cola to Hershey’s chocolate to Colgate. However, companies so far see inflation as a boon to their profits since they can pass higher costs on to consumers without facing competitive pressure. More S&P 500 companies are commenting on inflation than normal during…
US Consumers Boosted Their Spending by 0.5 Percent in April
WASHINGTON—Americans increased their spending by 0.5 percent in April, a slowdown after a massive gain in March that had been powered by the distribution of billions of dollars in individual stimulus checks. Even with the pullback from a 4.7 percent surge in spending in March, the April increase provided further evidence that consumers are driving…
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