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Price hikes on the horizon for P&G as material costs rise Read full article FILE PHOTO: A display of Pampers diapers are seen on sale in Denver Oops! (Reuters) -Procter & Gamble Co said on Tuesday it would raise prices of certain products in the United States to offset rising costs that were already weighing on its fourth quarter, after reporting a better-than-expected quarterly result. The Cincinnati-based company joins a growing list of consumer product makers hiking prices this year as they battle increasing costs for everything from transport to pulp and resin or edible oils and nuts. P&G said since it gave its initial guidance for fiscal 2021 last year, costs had risen by $400 million, including after tax costs of $125 million for commodities that will largely hit the fourth quarter and $200 million in higher freight costs. Rates continue to be up. Drivers and rigs continue to be in short supply. Sea freight continues to be at a premium. So we continue to see that pressure

United statesSiddharth cavaleShinjini ganguliAditya soniUday sampathProcter gamble coNorth americaFreight costsFourth quarterProcter gamble coTax costsஒன்றுபட்டது மாநிலங்களில்சித்தார்த் கேவல்ஷின்ஜினி கங்குலிஊடாய் சம்பத்ப்ராக்‌டர் சூதாட்டம் இணை