AT&T Braces For Possible Price Hike Citing Inflation Woes Shortly After Verizon

• AT&T Inc (NYSE:T) could hike mobile-service prices again to ease the impact of the surging inflation, Bloomberg quotes CFO Pascal Desroches.
• Inflation pressure is outrunning cost projections, Desroches reasoned.
• "We're seeing inflation in labor, supplies, energy, and transport. So we're keeping an eye on it," Desroches said at an investor conference. 
• Also Read: This Analyst Expects AT&T To Charge Customers For HBO Max After Latter Being Dropped From Unlimited Premium Plan
• If the pressure persists, "we're going to have to look at pricing again as a potential leverage to help offset that." 
• Recently, Verizon Communications Inc (NYSE:VZ) disclosed plans to raise monthly service charges by $6 per line and $12 for limited data family plans beginning in July.
• AT&T increased rates by $6 per line and $12 for family plans in May. Verizon raised the prices shortly after citing similar reasons.
• Price Action: T shares traded lower by 1.80% at $19.41 on the last check Tuesday.
• Photo by Tdorante10 via Wikimedia Commons