Consumer companies try price hikes as U.S. wages climb

Consumer goods companies, emboldened by a strong U.S. economy, are rolling out price increases on everyday products and groceries after several years of haggling with big retailers that needed cheaper products to attract customers. Walmart Inc , Target Corp and other grocers have kept prices low over the past two years to fend off growing challenges from Amazon.com Inc’s Whole Foods Market, German discount supermarket Aldi Inc, and o

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Source:: Reuters – Business News