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.