But Citigroup analyst John Lawson believes the market has already priced in the increasingexpense of raw materials, and that Michelin should be able to incorporate them with price hikes.
And he likely would have been flummoxed by the ever-increasing expense of higher education: The cost of a four-year private college rose 4.2 percent between the 2011-12 and 2012-13 school years, according to the College Board's Trends In College Pricing.