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Consumer Goods Giant to Raise Prices on
More Staples, Blames Increase in Cost
on Raw Materials

Original Article

Posted By: earlybird, 10/19/2021 1:06:58 PM

Procter & Gamble Co. said it will raise prices on a number of household staple goods as the cost for raw materials and freight has increased faster than it had anticipated. The company, which makes a range of products including Tide and Charmin, said it would begin to charge more for oral care, beauty, and razors. Earlier this year, Procter & Gamble said it would charge more for toilet paper and diapers. The new price hikes are not being implemented on all its products, but they will be marked for specific items such as razors and in some sub-categories, CFO Andre Schulten told Reuters. U.S. retailers are aware of the new

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Reply 1 - Posted by: marbles 10/19/2021 1:26:40 PM (No. 950919)
Tied to the cost of fuel which is how things get to market. Done on purpose by joey & co to make sure everyone suffers.
2 people like this.

Reply 2 - Posted by: Northcross 10/19/2021 1:47:19 PM (No. 950946)
or as Jen Psaki says, "Good News"!
4 people like this.

Reply 3 - Posted by: ussjimmycarter 10/19/2021 2:02:20 PM (No. 950968)
Let the price gouging begin! Let’s Go Brandon!
5 people like this.

Reply 4 - Posted by: Mizz Fixxit 10/19/2021 2:10:32 PM (No. 950974)
An article posted yesterday on our favorite forum quoted the owner of a supermarket chain. He predicts a 10 percent increase in food prices over the next 60 days. Pete and Jen will assure us this is a good sign.
1 person likes this.

Reply 5 - Posted by: coyote 10/19/2021 2:11:29 PM (No. 950975)
Well, surprise surprise.
2 people like this.

Reply 6 - Posted by: Clinger 10/19/2021 2:46:13 PM (No. 951010)
That's funny I blame it on more currency chasing less production. Shut down everything while running the printing press at warp speed, who would have thunk inflation would follow?
1 person likes this.

Reply 7 - Posted by: Jesuslover54 10/19/2021 2:56:33 PM (No. 951028)
The Rahm Emanuel principle.
3 people like this.

Reply 8 - Posted by: DVC 10/19/2021 3:26:17 PM (No. 951057)
I have been avoiding P&G for many years for their lefty politics. Colgate-Palmolive is my preferred brand.
2 people like this.

Reply 9 - Posted by: stablemoney 10/19/2021 3:44:18 PM (No. 951077)
The increase is due to the government printing $10T just this year.
0 people like this.

Reply 10 - Posted by: bad-hair 10/19/2021 4:16:14 PM (No. 951107)
And we all know whos pocket this lands in.
0 people like this.

Reply 11 - Posted by: Lala 10/19/2021 9:34:27 PM (No. 951390)
No fan of P&G but I can’t blame them. They have shareholders to answer to, their cost to produce goods are certainly going up, what are they supposed to do? They’re not in business to be charitable to consumers. Want to blame someone? Blame the Dems and the Biden administration. All these coming economic woes rest squarely on their shoulders.
0 people like this.

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