Inflation fears tear through C-suites this earnings season

  • Date: 26-Apr-2021
  • Source: Yahoo News
  • Sector:Economy
  • Country:Gulf
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Inflation fears tear through C-suites this earnings season

Oops!Something went wrong.Please try again later.Oops!Something went wrong.Please try again later.Oops!Something went wrong.Please try again later.Oops!Something went wrong.Please try again later.Oops!Something went wrong.Please try again later.Yahoo FinanceInflation fears tear through C-suites this earnings seasonBrian Sozzi·Editor-at-LargeApril 26, 2021, 8:56 AM·2 min readOops!Something went wrong.Please try again later.Oops!Something went wrong.Please try again later.Oops!Something went wrong.Please try again later.Oops!Something went wrong.Please try again later.Oops!Something went wrong.Please try again later.C-suite executives are letting it be known that inflation is a real threat to profits this year, despite a barrage of macroeconomic forecasters saying any increases in commodities such as oil is transitory. The number of mentions of "inflation" during first quarter earnings calls this month have tripled year over year, the biggest jump dating back to 2004, according to new research from Bank of America strategist Savita Subramanian. Raw materials, transportation, and labor were cited as the main drivers of inflation. Subramanian's research found that the number of inflation mentions has historically led the consumer price index by a quarter, with 52% correlation. In other words, Subramanian thinks investors could see a "robust" rebound in inflation in coming months in the wake of the latest round of C-suite commentary. "Inflation is arguably the biggest topic during this