The price of just about everything seems to be skyrocketing — but, diapers may be going up almost most of all.
According to Bloomberg, packages that ran about $25 last year, now can cost $40…and there are fewer diaper inside!
Meanwhile, baby-care items including rash salves and baby wipes have seen double digit price gains, while producers like Kimberly-Clark and P&G have already warned they will be forced to hike prices in the future.
The cost of the raw materials, as well as the cost of labor, continues moving higher. As such, the companies say they need to increase prices. P&G told investors in its recent earnings report that it intended to raise prices by September while Kimberly-Clark began raising prices last month.
American families are paying the price.
