Procter & Gamble's (PG) Pampers, Charmin and Bounty Products
Procter & Gamble cautioned in February that it would raise prices this year to help offset at least $1 billion in increased commodity costs this year.
In April P&G outlined those price increases for a roster of household consumer goods.
P&G said that prices for Pampers diapers would rise 7% and that Pampers wipes prices would go up 3%. Charmin toilet paper and Bounty paper towels prices would increase 5%. Price of Luvs, P&G's lower-priced diaper brand, would remain unchanged, the company said.P&G, the maker of Tide, Iams, Crest and Nyquil brands of consumer goods, among many others, had already raised the prices consumers pay on laundry and fabric-care products, as well as Duracell batteries. The company said higher raw materials costs for things like oil and wood pulp led to the price increases.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV