'I do expect that as we cycle through the next six to 12 months, we're going to see some improvement and relief in some areas,' CEO Mark Clouse said.
CEO Mark Clouse told CNBC's Jim Cramer on Wednesday that he believes some causes of inflation will be more difficult to move past than others during the pandemic economic recovery.
"Clearly parts of the inflation that we're seeing now I do think are more transitional in nature. I do expect that as we cycle through the next six to 12 months, we're going to see some improvement and relief in some areas," Clouse said in an interview on "Mad Money." "But I also think there are some areas that probably are a bit more structural, and so I do expect inflation to continue as we roll into the [2022] calendar year and, for us, even into the first half of our fiscal year in '23," Clouse continued. The soup and snack maker is currently in its fiscal second quarter.three interest rate hikes next yearThe updated outlook reflects a more aggressive monetary policy approach from the central bank, as the U.S.
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