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 inChina is going up. The price of Pampers diapers, forexample, is going up by 10%.
China isn’t the only country facing rising P&Gprices 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?
- China PPI rises to 8.1% Prices on the wholesale level increased by 8.1% in April in China. The majority of the increase was for food...
- Microsoft chops prices in China If you can’t beat ‘em….cut your price. Microsoft slashed the price for Office 2007Home and Student Edition in China to...
- India inflation acclerates Central bankers all across Asia are raising interest rates, including the Reserve Bank of India increased its key rate to...
{ 0 comments… add one now }