Higher household product prices on the way – By Ken Martin (FOX Business) / Feb 11 2019
Prices for household staples from diapers to toilet paper are on the rise again as manufacturers look to offset the higher cost of commodities.
Many of these products had already seen a price hike in 2018.
Church and Dwight recently increased prices for about one-third of its products, including Arm & Hammer cat litter and baking soda, and some OxiClean cleaning products, according to the Wall Street Journal.
Church & Dwight is among companies such as Procter & Gamble, Colgate-Palmolive and Clorox that have raised prices or plan to.
Consumers are seeing higher prices for Pampers and Huggies diapers, Bounty and Viva paper towels, Charmin and Scott toilet papers and Arm & Hammer baking soda, among other products.
For much of the past decade, price cuts have been far more common than price increases as U.S. companies were mostly reluctant to test consumers’ spending power and brand loyalty in a fragile economic recovery.
Traditional brands have also been under pressure from retailers like Walmart and Amazon.com to keep prices low.
Sales volumes of household and personal products in the U.S. declined 1.4 percent in January, according to Bernstein’s analysis of data from Nielsen, according to the Journal.
Even with a strong economy, there are limits to how much brands can charge without losing some customers.