Inflation for essential consumer goods is easing.
That’s according to Procter & Gamble Company’s (P&G) financial Fiscal Year 2025 First Quarter report, released last week.
The manufacturer of brand-name consumer goods, including Tide, Ariel, Pampers, Dawn, Gillette, and Oral-B, which for many households are indispensable, reported a moderate 1 percent price hike for its beauty, grooming, and health care products and no price hikes for fabric and home care and baby, feminine, and family care products.
That’s a significant change from a year ago, when P&G reported upper single-digit price hikes across most of its product categories: grooming (9 percent increase), beauty (8 percent increase), health care (6 percent increase), fabric and home care (6 percent increase), and baby, feminine, and family care (8 percent increase)….