Cosmetics sales in China are soaring, but a group of exporting nations led by France are pushing Beijing to lift restrictions they say are blocking them unfairly.
Coca-Cola, PepsiCo and Unilever have each reported raising prices significantly in the second quarter, complicating the Federal Reserve’s efforts to tame inflation.
Some of the biggest packaged food companies raised their prices last quarter and their profits rose, but some customers were starting to cut back or trade down.
Consumers continue to absorb significant price increases by PepsiCo, Unilever and others. The companies say that prices will remain high in the months to come.