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October 11, 2021

Inflation knocks businesses off balance as recovery slows

  • Analysts warn that persistent inflation could continue crimping companies' bottom lines and consumers' willingness to spend.
    AP Business Writer

    Companies will soon start reporting their latest quarterly financial results and investors have been warned that inflation is going to sting.

    Retailers, auto makers and a wide range of manufacturers have all warned investors that a supply chain crunch and higher raw materials costs are adding to expenses and hurting profits. A COVID-19 resurgence during the third quarter threw many industries off-balance just as they were regaining their footing from the pandemic slump.

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