Procter & Gamble co. says it will raise prices to cope with a runup in commodity costs and turmoil in the Middle East.
The maker of Tide, Pampers and other consumer products would not disclose the size of the increases but said it will release more details in the coming months.
The company backed its full-year earnings guidance but warned these pressures could make it tough to hit the high end of its ranges.
A number of food and consumer product companies are raising prices to cope with higher costs for aluminum, cotton and other key ingredients in their products.
Procter & Gamble has already raised some prices, but the company said Thursday that it is facing at least $1 billion in increased commodity costs this year.
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