CHICAGO (Reuters) – Makers of soap, diapers and other household products are spending much more for fuel and raw materials than expected, which means more price increases are on the way for consumers.
Procter & Gamble Co (PG.N) lowered the high end of its profit forecast for the year on Thursday, as it does what it can to trim expenses and as it raises some prices to offset sharply higher costs for materials.
Consumer goods makers are paying more for transport and a variety of materials, from pulp used to make tissues to resin used to make detergent bottles.
via news.yahoo.com
Comments