Wednesday, August 27, 2025

Paint Supplier PPG Set to Raise Prices AGAIN Due to Inflation That is Not so Transitory

As the Federal Reserve continues to peddle its “transitory” inflation narrative, the list of companies set to raise prices in an economic environment that does not appear to be so “transitory” friendly continues to increase.

The latest company that announced plans to raise prices is paint supplier PPG Industries Inc. (NYSE: PPG), as it faces significant input price pressures, particularly for raw materials and logistics. Its CEO, Michael McGarry, recently told Bloomberg in an interview that the $40 billion company expects a significantly heightened inflationary economic environment in 2021, and as a result it has been forced to raise prices for the second time this year.

“What we’re obviously studying now is the need to be out with a third set of price increases,” McGarry explained. “Inflation is across-the-board, it’s obvious” and customers “don’t have a lot of good ways to counter the argument that we need to have price relief.” Given that PPG supplies products to a wide variety of industries including the auto manufacturing, construction, and consumer sectors across more than 70 countries, the Pittsburgh company has a broad oversight of the global economy.

According to McGarry, the rising global costs of oil, freight, and logistics, as well as growing scarcities of raw materials, are really beginning to suggest that inflation may not be so temporary after all. “I’m not seeing this as transitory,” McGarry said. “This work-from-home phenomenon is going to lead to additional wage inflation, because people are going to have the opportunities to figure out where they want to work.”

About 40% of PPG’s revenue is derived from the US, where the Federal Reserve continues to insist that any price pressures that do arise are only the result of the rapid economic reopening, and will subside once supply bottlenecks are resolved. The current CPI level rose by an annual 3.9% in May, marking the sharpest increase since 2008.


Information for this briefing was found via PPG and Bloomberg. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Goliath Resources Hits 10.60 g/t Gold Over 22.82 Metres, Highest Grade Results In Third Distinct Rock Package At Surebet Discovery

Four Countries Control the Fertilizer That Feeds the World | Sage Potash

$10,000 Gold Is Just A Question of Time | Florian Grummes

Recommended

Nord Precious Metals Identifies 29 Veins At Castle East Following 3D Modeling

Emerita Resources Expands El Cura Drill Program By 10,000 Metres As Deposit Remains Open For Expansion

Related News

US Private Payrolls Disappoint Despite ADP’s Revised Methodology

In further testament that the labour market is rapidly losing momentum despite assurances from the...

Wednesday, August 31, 2022, 01:02:29 PM

Not Just inflation: People Are Buying Less Food, Joe Weisenthal Suggests Ozempic May Be to Blame

Reports say that inflation concerns have prompted consumers to tighten their belts when it comes...

Monday, July 17, 2023, 03:08:00 PM

James Bullard: Fed’s ‘Credibility is on the Line’ if Interest Rates Don’t Increase Quickly

St. Louis Fed President James Bullard has taken another swipe at the central bank’s lethargic...

Monday, February 14, 2022, 03:35:00 PM

The Economic Impacts Of Biden’s Proposed $15 Minimum Wage Hike

America’s minimum wage, which has been stagnant since 2009 at a paltry $7.25 per hour,...

Tuesday, February 9, 2021, 10:27:00 AM

US Consumer Sentiment Slumps to Decade-Low Amid Surging Inflation

US consumer sentiment fell to the lowest in over a decade in February, as Americans’...

Tuesday, February 15, 2022, 04:38:00 PM