The world’s largest consumer goods maker said it will have to raise prices on a quarter of its products starting in August.
Procter & Gamble has said it will need to raise prices on a quarter of the goods it sells in the United States starting this month in order to mitigate costs it has faced because of the tariffs imposed by US President Donald Trump.
On Tuesday, in conjunction with its earnings report, the world’s largest consumer goods maker named Shailesh Jejurikar as its new chief executive officer as the company navigates tariff-driven uncertainty weighing on the sector.
The price hikes have been communicated to retailers such as Walmart and Target and are in the mid-single digits across categories, a spokesperson said, and will be seen on shelves starting in August.
In May, Walmart also announced that it would need to raise prices on goods sold at the big box retailer because of the economic impact of tariffs.
