Prepare to pay more for your everyday personal care products
The cost of cleaning your body and home has just gotten pricier. Church & Dwight recently increased prices for about one-third of its products, including Arm & Hammer products, and OxiClean products, joining Procter & Gamble, Colgate-Palmolive and Clorox, and other consumer-goods companies that have recently raised prices or pledged to raise prices in response to higher costs of raw materials, transportation and foreign currency exchange rates, which has been eating up their profits. In 2018, Clorox raised prices on about half of its products, including its Glad trash bags and plastic wraps, which helped it boost profit margins. Clorox also increased prices for Kingsford charcoal and Burt’s Bees products. Proctor & Gamble have begun increasing prices from around 4% to as much as 10% on products such as Pampers, Bounty, Charmin and Puffs brands, which will take effect this February. Time to sacrifice some weekly lattes in order to afford personal hygiene products.
(owned by Amazon) also joined the price hike party by announcing its price increase on over 550 store products from Dr. Bronner’s soaps, Haagen-Dazs ice cream, crackers, olives and other things. Whole Foods stated that its suppliers were charging more for those products due to inflation and other economic pressures, therefore the store will be passing on those costs to consumers. According to WSJ report, the price increases at Whole Foods range from 10 cents to several dollars. “Soaps, detergent, oils and nut butters have some of the highest increases.” Expect to see higher prices on Dr. Bronner’s products as the company said it is increasing the price of soaps at all retailers that sells its products by 3%, claims the cost of coconuts used to make its soaps have gone up. Stay fresh my friends.