the chief executive of club holding procter  gamble pg on thursday said inflation appears to be easing and pressure from a strong us dollar abating comments that only reinforce our view that the consumer staples giant is a solid name to own in 2023 speaking from the world economic forums annual meeting in davos switzerland ceo jon moeller told cnbc that input costs are leveling out with prices rising at a lower rate than they were previously though he cautioned that could take time to be reflected on the companys income statement to the extent that all of these costs normalize the dollar pressure subsides thats going to be a wonderful opportunity to invest in this business moeller said like many us multinationals p  g has been weighed down by a strong us dollar making products more expensive abroad and recordhigh inflation that sapped demand the ceos comments come on the same day p  g released fiscal secondquarter earnings  the results showed organic revenue excluding the impact of foreign exchange acquisitions and divestitures increased 5 yearoveryear as higher pricing made up for weaker consumer demand at the same time procter  gamble whose highquality consumer products include tide pampers and gillette has been able to increase its value proposition to shoppers by broadening its portfolio to offer products at a range of price points our shares are holding because weve transformed our portfolio to offer tradedown opportunities when consumers want them within our brands moeller said were much better positioned to deal with trade down…but were not seeing a lot of it he added moeller also suggested demand would pick up this year as chinas economy fully reopens while saying the state of the global economy doesnt look honestly horrible shares of procter  gamble were trading down 06 midday thursday at 14463 apiece bottom line moeller offered a welcomed upbeat take on the economy and p  gs potential for growth in 2023 p  g remains a stock we prefer amid economic uncertainty as its consumer products are essential in any economic environment we also like that the company has offered multiple price points for shoppers searching for more affordable options particularly amid signs of softer demand we hope to see profits margins expand in 2023 as input costs come down and the dollar continues to retreat jim cramers charitable trust is long pg see here for a full list of the stocks as a subscriber to the cnbc investing club with jim cramer you will receive a trade alert before jim makes a trade jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trusts portfolio if jim has talked about a stock on cnbc tv he waits 72 hours after issuing the trade alert before executing the trade the above investing club information is subject to our terms and conditions and privacy policy  together with our disclaimer  no fiduciary obligation or duty exists or is created by virtue of your receipt of any information provided in connection with the investing club no specific outcome or profit is guaranteed