Rising food prices. aren’t the only thing hitting Americans wallets. this year, higher household product prices. are on the way too.
Big manufacturers including Church & Dwight, Procter & Gamble, Colgate-Palmolive and Clorox have either already raised their prices or plan to on certain household items this year, according to the Wall Street Journal.
Church & Dwight recently announced it has increased prices for about one-third of its products, including Arm & Hammer cat litter, baking soda and some of it cleaning products.
The price increase, according to the report, is to offset higher commodity costs and boost profits.
That reasoning also coincidences along with other major food giants’ need to increase food prices this year.
In October, as reported by FOX Business.Mondelez, Hershey Co., Nestle SA, Unilever and Coca-Cola all announced plans to hike prices in 2019 to offset higher freight and ingredient costs.
While price increases will vary per product, according to analysis from Sanford C. Bernstein using data from Nielsen, this is how much prices have changed by category from last year.
Change in estimated prices from previous year, by category over the last 12 weeks, ending Jan. 26.
DISPOSABLE PAPER PRODUCTS
3.70 percent
PET CARE
3.40 PERCENT
HOUSEHOLD CARE
2.90 PERCENT
COSMETICS & SKINCARE
2.50 PERCENT
TOILETRIES
2 PERCENT
CLEANING PRODUCTS
1.40 PERCENT
Cleaning concept with supplies
OVER-THE-COUNTER HEALTH CARE
1.40 PERCENT
