Retail

Procter & Gamble will raise prices in September to fight higher commodity costs

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Pampers Diapers, which are manufactured by Procter & Gamble, are displayed in an Associated Supermarket in New York.

Ramin Talai | Bloomberg | Getty Images

Procter & Gamble announced on Tuesday it will hike prices on baby care, feminine care and adult incontinence products in September to respond to higher commodity costs.

The consumer giant joins a host of other companies, like rival Kimberly-Clark and beverage giant Coca-Cola, that are raising prices to protect profit margins. The companies are betting consumers will be willing to pay more for the brand version instead of opting for a cheaper private label. However, that outcome depends on the economic recovery from the coronavirus…



Source cnbc.com

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