P&G Boosts Prices on Several Products

Procter & Gamble PG confirmed on Monday that it is raising prices on Pampers diapers and wipes, Bounty paper towels and Charmin toilet paper in the United States, as it faces soaring costs for energy and materials. The world's largest household products manufacturer said the average list price increases are 7 percent on Pampers diapers, 3 percent on Pampers wipes and 5 percent on both Bounty and Charmin paper goods. The list price increases were announced to retailers last week. Prices that shoppers see are ultimately set by stores. Continue reading the article.