[Daily Mail, Where America Gets Its News] - Procter & Gamble, owner of Gillette and Pampers, has higher production costs
- The price of razors and select other products will be passed on to consumers
- P&G reported $2.3bn in expenses this fiscal year, above an expected $1.9bn
- The company blames the high cost of raw materials, diesel and energy
- Danone, owner of Evian and Activia, says it will also increase prices
- In the US, the price of consumer goods has risen 5.4 percent in 12 months
- Post-pandemic recovery has led to increased demand, while a labor shortage has left a record number of shipping containers idling off the coast of California
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