More Inflation Ahead Because of Corporate Pricing Power

Businesses still can pass higher costs onto customers, and this will keep inflation sticky, says ING Economics.  “Ongoing supply chain issues and rising fuel costs mean 2% inflation is a distant prospect,” it adds.  Another factor: Businesses are still struggling to find workers.

Some 70% of businesses raised selling prices in the past three months, ING notes, the second-highest reading in the history of a survey by the National Federation of Independent Businesses. 

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