NEW YORK — Consumer products company executives lowered their own companies’ revenue growth targets for the upcoming 12 months to 3.2% in the second quarter, from 5.7% in the prior quarter, according to PricewaterhouseCoopers’ Consumer Products Barometer. The vast majority of respondents (85%) reported second-quarter cost increases, while 3% said their costs had dropped. During the same time period, 70% of companies polled raised their prices and 7% lowered them. “With the rise in commodity ...

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