CINCINNATI (WXIX) – Procter & Gamble is raising prices by about 5% on roughly a quarter of the items it sells in the U.S. this year due to $1 billion in projected tariff costs.
The price increases, which will be implemented starting next month, will be in the mid-single-digit percentages and be combined with improved features in the products, P&G’s Chief Financial Officer Andre Schulten revealed on a media call after the release of its fiscal fourth-quarter results.
P&G is the world’s largest consumer goods company and makes household staples like Tide detergent, Pampers diapers and Bounty paper towels…