Companies sound alarm over commodity price hikes
Associated PressToilet paper, baby care products, soft drinks and many other everyday products are about to get more expensive. Procter & Gamble, Kimberly-Clark and Coca-Cola have all warned that they’ll raise prices on many of their products as raw material costs rise. Kimberly-Clark, which makes Kleenex tissues and Scott toilet paper, said price increases will cover about 60% of its product portfolio and expects the increases and more productivity to offset most of the higher raw material costs. Soda giant Coca-Cola has said it expects to raise prices to fight higher costs, while Procter & Gamble is raising prices for baby, feminine and adult care products. U.S. consumer prices increased a sharp 0.6% in March, the biggest uptick since 2012, while inflation over the past year jumped 2.6%.
History of this topic
Sainsbury’s cuts price of toilet paper as pulp costs fall
The Independent
Paper has fewer sheets and rises in price by 23% as bakers warn bread could cost nearly £3
Daily Mail
America’s grocery bills are surging and there’s no relief in sight
CNN
Another jump in prices tightens the squeeze on US consumers
Associated Press
Rising commodities costs hit Americans at home and on road
Associated PressDiscover Related
