Procter and Gamble to Raise Prices of Popular Goods Citing Increasing Transportation and Material Costs

Procter and Gamble said Tuesday it is raising prices on a variety of popular home goods due to a sharp increase in freight transportation and raw materials costs.

The company behind Tide detergent and Gillette razors announced it would increase prices for beauty, oral care and grooming products, like razors, according to The Wall Street Journal. Procter and Gamble (P&G) announced in July that it would charge more for consumer staples like diapers and toilet paper.

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