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 [first quarter] 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…