P&G Shares Slump on Inflation Warning: ETFs in Focus - NewsBreak

PG - Free Report) – has posted better-than-expected first-quarter fiscal 2022 results. However, the staples giant warns of more inflationary pressure ahead. Price hikes so far helped make up for higher freight costs but will probably won't be able to keep up with soaring commodity costs. Shares slumped about 1.2% in the key trading session. Management reiterated its outlook for fiscal 2022.