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.

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