Companies are paying higher wages, spending more for materials and absorbing record freight costs, pushing up economic inflation gauges.... We haven’t seen this in probably 30 years," said Glenn Richter, the chief financial officer of International Flavors Fragrances, a supplier to big food companies. Widespread inflation makes it easier to broach the topic of raising prices with customers, Mr.... IFF’s profits increased during the most recent quarter compared with the same quarter two years a