Diaper prices have increased over the past year and some of the major diaper manufacturers have said that trend will continue this year, according to multiple reports. (KSAT)
Business Insider released a report last week that Proctor and Gamble, which makes brands like Pampers and Luvs, announced price hikes for diapers and feminine care products during a third quarter earnings call, reports KSAT.
“The exact amount of the price increase will vary by brand and sub-brand within a medium to high single-digit percentage range and will take effect in mid-September,” P&G said in a statement. Insider report.
Kimberly-Clark, which makes Huggies and Pull-Ups, also said price hikes were on the way. “The percentages of increase are between the medium to high numbers. Almost all of the increases will take effect at the end of June and will impact the infant and child care, adult care and Scott toilet tissue operations, ”according to the company’s website.
A CNN report released in April showed that NielsenIQ, which tracks retailer point-of-sale data, found that the price of disposable diapers had already risen 8.7% over the past year.
Officials at Proctor and Gamble have said that price increases on some brands will help combat costs associated with rising costs of raw materials used to make the products.
Procter and Gamble expects to pay an additional $ 125 million in commodity costs for 2021 compared to 2020, CNN reported.
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