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CEO says inflation is moderating in most markets

James Quincey, CEO of Coca-Cola Co., speaking on “Squawk Box” at WEF in Davos, Switzerland, January 18, 2023.

Adam Galica | CNBC

Inflation is moderating in most markets, following a period in which the beverage maker relied on price increases to generate higher revenue, Coca-Cola CEO James Quincey said Tuesday.

Coke reported fourth-quarter results Tuesday and said rising prices helped the company beat Wall Street estimates for quarterly sales. But Coca-Cola’s price rise has slowed from double-digit increases over the past two years.

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