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Electrolux hikes prices as component shortages persist
Electrolux hikes prices as component shortages persist

Electrolux hikes prices as component shortages persist

Swedish home appliance maker Electrolux said on Tuesday it would be hiking prices as costs for raw materials have risen and that it expects a shortage of electronics components to worsen. The company, like many other manufacturers, has seen their production hobbled by a global shortage of semiconductors that are key elements in a range of electronics