Businesses brace for lingering inflation

By Shawn Donnan and Emma Kinery
Published 5 Min Read

BloombergA strike outside the John Deere facility in McDonough, Georgia, Nov. 5, 2021.

As U.S. businesses and consumers weather the highest inflation in four decades, some firms are already betting those cost increases will be around for longer than many economists are predicting.

At agricultural-equipment parts maker HCC, President Brian Nelson is planning for two to three years of higher costs. This year, the Mendota, Illinois-based supplier to manufacturers including John Deere is anticipating a double-digit percent increase in its wage bill.

Shawn Donnan and Emma Kinery

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