Consumer giants including PepsiCo, Coca-Cola and Procter & Gamble have been able to hike prices by double digits

Consumer staples giants including PepsiCo, Nestle and Unilever have had no trouble passing on price hikes to customers, with little impact on volumes.

“The Q1 results reported by some of the sector’s biggest names were boosted by an ability to raise prices sharply and offset rising costs,” said Ed Yardeni of Yardeni Research.

The price hikes…