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Whirlpool Sees Demand Staying Strong Despite Inflation

Whirlpool Corp. expects elevated appetite for its appliances as consumers spend more time at home, Chief Financial Officer Jim Peters said. 

The laundry and kitchen appliances maker has raised prices to help offset the roughly $1 billion to $1.25 billion in expected raw material inflation this year. Peters added that customers’ focus on nesting, as well as the need to replace existing machines and home-building trends in the U.S., should help counter higher costs.