Stop us if you’ve heard this before: Prices on some of your household staples are about to shoot higher.
The seemingly never-ending tide of inflation is lifting prices higher at Procter & Gamble, a consumer goods corporation that owns dozens of major brands that are household names.
During a quarterly earnings call this week, Andre Schulten, chief financial officer, said P&G has informed retailers that prices of fabric care products will increase on Feb. 28.
Affected brands include:
- Tide
- Gain
- Downy
- Bounce
- Unstopables
All forms of products from these brands will become more expensive, including liquid and unit-dose detergents, scent beads, liquid fabric softeners and dryer sheets.
In addition, prices of some personal health care products from P&G brands will rise in mid-April. Schulten said the degree and timing of price changes are “very specific to the category, brand, and sometimes the product form within a brand. This is not a one-size-fits-all approach.”
While Schulten did not specify which personal health care brands will be affected, those in the P&G family include Align, Clearblue, Metamucil, Pepto-Bismol, Prilosec OTC, Vicks and ZzzQuil.
The higher prices for Procter & Gamble products follow price hikes the company initiated in 2021. As we reported, P&G hiked prices on baby care products, incontinence products and feminine care products.
Ready to fight back against rising prices? Check out “Inflation Is Surging: Here Are 8 Ways to Beat It.”
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