$10 Toothpaste? US Household Goods Makers Face Blowback on Price Hikes

$10 Toothpaste? US Household Goods Makers Face Blowback on Price Hikes
A display of Colgate toothpaste is seen on a store shelf in Westminster, Colo., on April 26, 2009. Rick Wilking/Reuters
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Get ready for the $10 tube of toothpaste.

Colgate-Palmolive Co CEO Noel Wallace said last week at an industry conference that the household goods maker sees its new Optic White Pro Series toothpaste as the type of premium product “vital” to its ability to raise prices, which will help drive profit growth this year.