Corporate US making consumers pay for inflation

Julian Jacobs

Corporate leaders have been heard bragging about strong results to investors on recent earnings calls.

Amid historically high inflation of roughly 8.5 per cent, it is unsurprising that corporations would pass along some of the burden in higher prices. Yet the ‘marvellous’ and ‘successful pricing strategies’ company executives have been lionising are a step beyond that. Indeed, as Andrew Callahan, chief executive officer of food company Hostess, recently said in an earnings call, ‘when all prices go up, it helps’.