“Transportation and labor markets remain tight. Availability of materials remain stretched,” P&G CEO Jon Moeller said on an analyst call Wednesday. “In some categories and in some markets, inflationary pressures are broad-based with little sign of near-term relief.”
P&G makes many of the most recognizable brands in US homes, such as Gillette, Charmin, Bounty, Pampers and Crest.
Moeller said P&G has raised prices on all 10 of its product categories in the United States and told retailers Tuesday it will be increasing prices on some personal health care brands in April, although he didn’t specify which ones. (P&G makes Metamucil, Neurobion, Pepto-Bismol and Vicks.)
P&G expects the higher prices will drive sales growth in the coming months as its increases take effect.
Although consumers are already paying more for many household products, demand remains strong, he said. “We haven’t seen noticeable changes in consumer behavior.”