More Price Hikes: Procter And Gamble To Raise Prices On Personal Care Items
Procter & Gamble is planning to raise prices on several of its items in the midst of increasing inflation.
CNBC reported that the company made the announcement during an earnings call on Wednesday, saying that it has already informed retailers about an increase in prices on certain products, “like Tide detergent and Downy dryer sheets, slated to take effect Feb. 28. On Tuesday, the company told retailers that some personal health care products will see higher prices in mid-April.”
The company has already increased prices on ten item groupings, including “baby care, feminine care, adult incontinence, family care, home care, hair care, grooming, oral care and skincare,” per CNBC.
“The degree and timing of these moves are very specific to the category, brand, and sometimes the product form within a brand. This is not a one-size-fits-all approach,” CFO Andre Schulten reportedly said on the earnings call.
The price hike will also impact international customers, not only those in America, per The Hill. – READ MORE
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