If you've walked into a grocery store anytime over the past six months or so, you know firsthand that inflation is raging. Consumer staples stocks have had to deal with rising production costs, and they are passing their costs on to customers. But just how bad is all of this -- and what are companies doing about it?
A quick look at recent updates from Unilever (NYSE: UL) , Procter & Gamble (NYSE: PG) , and Clorox (NYSE: CLX) can offer some insight.
Clorox last month announced that it was working on a third round of price increases in less than a year. That news is just the latest example of an issue that has become the norm lately in the consumer staples space. The thing is, such repeated price hikes over a short timeframe are not at all normal historically. And what's led to this situation -- a spike in the price of raw materials -- is also not normal.
For further details see:Here's How 3 Key Companies Are Bracing for Inflation Aftershocks