Posted 115 days ago
Officials with Procter & Gamble announced plans this week to raise prices for its laundry detergents, fabric softeners and other products as consumers continue to grapple with rising inflation.
“Effective Feb. 28, we are increasing pricing on the balance of our fabric care portfolio,” Andre Schulten, chief financial officer for P&G, said Wednesday during the company’s second-quarter earnings call, Fox News reported. “This includes Tide, Gain, Downy, Bounce, and Unstoppables and includes all forms: liquid and unit-dose detergents, scent beads, liquid fabric softeners and dryer sheets.”
The consumer goods giant’s fabric care portfolio also includes Ariel, Cheer, Dreft, Era and Rindex.
Prices will rise by an average of 8%, CNN reported. Prices are further sla... (Read more)