US firms avoid price hikes despite high cost


A cyclist passes the Federal Reserve headquarters in Washington. — Reuters

NEW YORK: Many US companies plan to resist boosting prices in the coming months, even as their costs mount and profit margins come under pressure, a new survey from the National Association for Business Economics (Nabe) shows.

More than half of panellists reported material costs rising at their firms in the third quarter, according to the survey released yesterday.

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Nabe , inflation

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