Warren Buffett
“We are seeing substantial inflation,” Buffett said at the Berkshire Hathaway annual shareholder meeting broadcast exclusively by Yahoo Finance. “We are raising prices. People are raising prices to us, and it’s being accepted.”
Whirlpool appliance maker just jacked up prices by 5% to 12% to counteract rising steel costs.
Proctor & Gamble said recently it would begin to hike prices on baby care, feminine care and adult incontinence products in the United States. Price increases will range from mid- to high-single digit percentages. The hikes will go into effect in mid-September.
