P&G Raise Prices as Inflation Persists, Sales Fall

Tide, a laundry detergent owned by the Procter & Gamble company, is seen on a store shelf in Miami, Fla., on Oct. 20, 2020. Joe Raedle/Getty Images

The maker of Tide detergent Procter & Gamble (P&G) is raising prices due to persistent inflation and falling sales.

P&G reported a decline in revenue and profits in 2022 in a second quarter of 2023 earnings call on Jan. 19.