Proctor & Gamble does a lot of business in Asia, but that doesn’t make it immune from inflation.
Because of rising commodity prices, P&G is raising the price of its products in China is going up. The price of Pampers diapers, for example, is going up by 10%.
China isn’t the only country facing rising P&G prices either. Proctor & Gamble said the average price of its products will increase by 16% around the globe.
Do you think any other companies will follow suit? Darn right they will. And what does that mean for inflation?
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