Companies' cost inflation is slowing but shoppers may wait for lower prices

, making everything from instant noodles to soap and ice cream, are paying less for their raw materials and energy, but it may take time before shoppers see significantly lower price tags for their household goods.

Companies like Nestle, Reckitt Benckiser, and Danone continued to raise prices sharply in the first quarter even though input costs are easing. “Our pricing obviously will be measured in 2023, where we did most of our heavy lifting or pricing in 2022,” Carr said.

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