Procter & Gamble Co. reported on Monday, April 25, 2011, that it raised U.S. list prices for Pampers diapers, Charmin toilet paper and Bounty paper towels. The product increases were necessary due to rising costs for pulp, oil and gas.
The Cincinnati-based consumer products maker informed retailers of increases last week. Retailers throughout the country will have to decide how much of the price increases to pass along to the consumer.
P&G said list prices for Pampers are up 7 % on average, Pampers are up 3 %, and Charmin and Bounty products are up 5 %. P&G said that the price for Luvs, which is a lower-priced diaper brand, would remain unchanged.
More bad news for consumers was reported by paper products rival Kimberly-Clark Corp. who said on Monday that it will also raise prices, after reporting a first-quarter net income decrease of 9 % due to rising costs.
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