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Executive Perspective: Utz Brands now expects its gross cost inflation to be in the mid-to-high teens for the fiscal year, up from a previous estimate of low double digits, says CEO Dylan Lissette

Goldman Sachs lowers 2022 US GDP forecast to 2.4% from 2.6% to reflect tighter financial conditions as Fed aggressively hikes interest rates, which are currently 'in the ballpark' of what's ultimately needed to cool wage and price pressures

Euromonitor: Home care won't be spared impact of inflation, but hygiene will continue to be top-of-mind for consumers, putting industry and its chemistry in strong position; downtrading may hamper value growth, but industry should maintain positive growth

University of Michigan's Index of Consumer Sentiment posts preliminary May level of 59.1, down from April's 65.2; consumers' assessment of financial situation relative to year ago at lowest level since 2013, 36% attributed negative assessment to inflation

Forty-one percent of UK adults report buying less food during April 27-May 8 period due to rising costs, according to the Office for National Statistics; the previous ONS survey, carried out earlier in April, reported 39% of adults buying less food

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