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Price increase is coming! P&G is raising the prices on many of their brands in 2022, including Tide, Downy, Gain, and other items.
P&G Price Increases are Coming
Have you heard? Proctor & Gamble announced today in their earnings call that they will be raising prices on their laundry care products, like Tide detergent and Downy fabric softener. This price hike is supposed to go into effect on February 28 to offset a portion of the impact of rising commodity costs.
Here's what P&G's CFO had to say –
“In mid-December, we announced to retailers that effective Feb. 28, we are increasing pricing on the balance of our Fabric Care portfolio, this includes Tide, Gain, Downy, Bounce, and Unstopables and includes all forms, liquid and unit dose detergents, scent beads, liquid fabric softeners, and dryer sheets.
We’ve now announced price increases in each of our 10 product categories in the U.S., increases in Baby Care, Feminine Care, Adult Incontinence, Family Care, Home Care, Hair Care, Grooming, Oral Care, Skin Care are now effective in market.”
SO, if you see a great deal on these brands NOW (we'll be sure to share them with you too!), consider stocking up or grabbing a few extra deals before the price increases go into effect.
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