Saturday, April 30, 2011

And you could see this coming, right?

From the Associated Press:

Households reeling from gasoline near $4 also face bigger bills for everything from changing their babies' diapers to wiping their noses to treating themselves to ice cream.

Major makers of everyday consumer products and groceries say they have to raise prices to offset soaring costs for their fuel and the materials and ingredients that go into their products.

The list of companies saying this week that they are raising prices is long: Kimberly-Clark Corp. (Huggies diapers, Kleenex facial tissue); Procter & Gamble Co. (Pampers diapers, Gillette shavers); Unilever PLC (Dove soap, Ben & Jerry's ice cream); Colgate-Palmolive (toothpaste, soap); and PepsiCo Inc. (soft drinks, Frito-Lay snacks).

Same song, second verse. What does it mean? More store brands, more coupons, more loss leaders ... and fewer trips to the grocery.

To see the full story:

http://www.google.com/hostednews/ap/article/ALeqM5ipPXLy3D7nv7Q1WusB08Zf7e7nQQ?docId=d5b5d2f36ccc49c0bf15516b24cde3ca

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