Consumers are stomaching steep price increases in junk food — if PepsiCo's earnings are any indication.
Consumers are stomaching steep price increases in junk food — if PepsiCo's earnings are any indication.The effect of inflation on people's spending is a key determinant in the economy's well-being — and we'll find out the latest on Thursday when the federal government reports the Consumer Price Index figures for September.PepsiCo ripped off a blistering third quarter, reporting stronger-than-expected revenue and profit on Wednesday.
"The truth is that our brands ... are being stretched to higher price points and consumers are following us," PepsiCo CEO Ramon Laguarta said on a conference call.
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