Disinflation delays
inflate Q1 profits
Pulp & Paper costs plunge.
Consumer prices stay high
Financial market pundits have continued their bearish outlooks for 18mos, yet the consumer economy remained strong from high employment, in spite of double-digit inflation. Corporate profits were forecast to be lower again in Q1'23, only to be defied by stronger results as lower makers' cost prices i.e. disinflation, were not passed through to consumers. Updated for latest results today
