Get Ready to Spend More on Household Products
Church & Dwight Co. has recently raised prices on 30 percent of its products. The American manufacturer produces Charmin toilet paper, Arm & Hammer baking soda, and OxiClean cleaning materials. CEO Matthew Farrell says the company is negotiating with retailers to raise prices on other products as well.
Transportation costs and the U.S. tariffs are impacting brands and forcing them to raise prices on popular products. Some consumers say they won’t pay the higher prices.
Competitors responded to Church & Dwight’s price hikes with increases of their own, Wells Fargo Securities analyst Bonnie Herzog told WSJ. Consumers might now be paying more for P&G’s Pampers diapers and Charmin toilet paper, among others.