Filipino consumers face price hikes as Goldman Sachs warns of renewed inflation

Filipino consumers face price hikes as Goldman Sachs warns of renewed inflation

Filipino consumers face a renewed risk of higher retail prices as manufacturers move to pass escalating production costs onto buyers, according to a Goldman Sachs Group Inc. report obtained by the Manila Bulletin.In the commentary, Goldman Sachs economists Chris Poh and Danny Suwanapruti noted that companies are preparing to offset persistent supply chain disruptions and higher input expenses by raising consumer prices. The re-escalation of conf…