P&G Will Raise Prices Up To 16% On Products Such As Tide, Head & Shoulders, Etc.

By July 9, 2008

Procter & Gamble has announced that you will pay more for your Tide and Head & Shoulders and all their other consumer products. P&G is raising prices by as much as 16% on “fabric, home and hair care, bar soaps, and health and shaving products.” P&G is the manufacturer of popular brands such as Gillette and Ivory soap.

A P&G spokesperson told the Boston Globe:
“We don’t price in anticipation,” Fox said. “We only price to recover costs.”

The company has already raised prices 4-8% in order to counter the skyrocketing cost of raw materials such as “pulp, used in paper, tallow, an animal fat used in soap, and oil-based products such as plastics.”

Oh well, at least they’re being straightforward about it! Honesty is better than the Grocery Shrink Ray.

P&G will boost product prices by up to 16% [Boston Globe](Thanks, Jill!)
(Photo: kandh07 )

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Comments

  1. Bourque77 says:
    July 10, 2008 at 12:10 am

    P&G make so many different products that everyone uses so this sucks. I can only imagine other companies will raise prices to “stay competitive”

  2. mbz32190 says:
    July 10, 2008 at 12:17 am

    Good for them for being honest, but I will continue to avoid their overpriced products. $9.99 (Sale) for a regular bottle of Tide??? (before the price increase), No thank you.

  3. GamblesAC2 says:
    July 10, 2008 at 3:03 am

    I nominate P&G for The Consumerist’s 1st ever Best company in America showdown…beacuse not only are the honest but they make damn good products!

  4. ian937262 says:
    July 10, 2008 at 4:25 am

    @linus:
    Honesty goes along way! I agree. Times are a changing and prices are going up. I never feel more jaded than when I get the smaller ice cream container home and notice…. even if it just freezer rots 1/2 the time!

  5. vladthepaler says:
    July 10, 2008 at 6:24 pm

    Agreed: at least they’re being honest about it. 16% seems awfully steep though, maybe it’s time to cut down on bathing.

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