00:00It's Benzinga bringing Wall Street to Main Street
00:02U.S. businesses are split over whether high energy costs are temporary or a longer-term
00:07problem that requires price increases, according to the Wall Street Journal.
00:11Ambix Manufacturing, which sells plastic components to power distribution companies, raised prices
00:15between 10% and 21% this summer as higher oil prices pushed up resin costs.
00:20Campbell's is raising prices on more than half of its portfolio after efforts to offset
00:24inflation fell short, while Clorox is increasing prices on GLAAD trash bags as resin costs
00:29rise.
00:30Other businesses are holding prices steady in hopes inflation will ease.
00:33Walmart cut prices on more than 10,000 items despite forecasting billions of dollars in
00:38fuel-related costs.
00:39Diesel prices cross $6 a gallon Friday, adding pressure on companies deciding whether to absorb
00:44higher costs or pass them to consumers.
00:47For all things money, visit Benzinga.com.
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