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CPG Brands Are Raising Prices
By: Fortune
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Some household items are about to start costing more.

The American manufacturer Church & Dwight Co. recently increased prices on 30% of its products, including Arm & Hammer baking soda and cat litter, and OxiClean products, The Wall Street Journal reports.

Church & Dwight’s CEO Matthew Farrell said last week that the company is in talks with retailers to raise prices on other products as well, including on personal care items.

Some of the 2019 price increases are expected to address the company’s gross margin, which was lower than expected in the last quarter due to the quickly growing household business, and U.S. tariffs impacting the costs of raw materials and transportation, the Associated Press reports.

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.



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This article originally appeared on Fortune.com. A link to the original posting can be found at the end of the article.
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