CINCINNATI – Procter & Gamble said Tuesday it will boost prices on paper products later this year by 5 to 9% to combat rising commodity costs. The company disclosed its sales results benefited from previous increases as well as consumers trading up to premium products. (We) started the process of implementing price increases on (the company s) Baby Care, Feminine Care and Adult Incontinence product categories in the United States. the exact amount of the price increase will vary by brand and sub-brand in the range of mid-to-high single digit percentages and will go into effect in mid-September, P&G said in a statement.
Wall Street analysts predicted P&G would garner a $3.1 billion profit before one-time items on sales of $17.8 billion.
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