(CNN) — It's going to cost you more to wash your clothes.
Procter & Gamble said Wednesday that it was raising prices by an average of about 8% on retail customers next month for its Tide and Gain laundry detergents, Downy fabric softener and Bounce dryer sheets.
If retailers decide to pass off any of the increases, additional household staples will be pricier for shoppers. U.S. consumer prices rose 7% annually in December, the steepest climb in prices in 39 years.
P&G said it's raising prices to offset some cost pressures, including transportation, labor and commodities it uses to manufacture its products. The U.S. producer price index, a gauge for prices manufacturers are paying, rose 9.7% annually.
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Procter & Gamble said that it was raising prices by an average of about 8% for its Tide and Gain laundry detergents, Downy fabric softener and Bounce dryer sheets.
"Transportation and labor markets remain tight. Availability of materials remain stretched," P&G CEO Jon Moeller said on an analyst call Wednesday. "In some categories and in some markets, inflationary pressures are broad-based with little sign of near-term relief."
P&G makes many of the most recognizable brands in U.S. homes, such as Gillette, Charmin, Bounty, Pampers and Crest.
Moeller said P&G has raised prices on all 10 of its product categories in the United States and told retailers Tuesday it will be increasing prices on some personal health care brands in April, although he didn't specify which ones. (P&G makes Metamucil, Neurobion, Pepto-Bismol and Vicks.)
P&G expects the higher prices will drive sales growth in the coming months as its increases take effect.
Although consumers are already paying more for many household products, demand remains strong, he said. "We haven't seen noticeable changes in consumer behavior."
6 grocery items that experts say will get more expensive in 2022
Climbing food costs
Empty shelves dot the dairy cases in a grocery store in Englewood, Colo., as food supplies have been tight since the start of the pandemic.
The pandemic might have stopped us from traveling or hanging out in large groups, but we still have to eat. And thanks to the coronavirus, that could be getting more expensive.
According to the health and wellness site Eat This, Not That, supply chain issues, labor shortages and overall high demand across the country have been said to contribute to an impending consumer price hike.
To help consumers better prepare, the site found six staple foods that will see a price increase in 2022.
Steaks
CNBC reported that beef and veal prices have risen by 20.1% during the past year. It suggested the pandemic caused a major slowdown in beef production that extends to all types of meat, including seafood and pork.
President Joe Biden has met virtually with independent farmers and ranchers to discuss initiatives to reduce food prices by increasing competition within the meat industry.
The “consumer demand for meat and poultry products has never been higher,” Julie Anna Potts, president and CEO of the Meat Institute, said in a December press release. “Members of the Meat Institute are producing more meat than ever before under extraordinary circumstances to keep our farm economy moving and to put food on American’s tables.”
Chicken
Chicken prices also increased during the pandemic, although not as much as steak.
In a December 2021 news release, National Chicken Council president Mike Brown addressed the reason behind chicken’s increased price. “A 9 percent year over year price increase for chicken is barely outpacing inflation … on top of a labor shortage,” he said. “It’s Economics 101.”
When you throw in truck driver shortages and shipping delays, Eat This, Not That wrote, it’s a safe bet that chicken prices will continue to climb.
Mayonnaise
The Wall Street Journal reported that Kraft Heinz Co. is set to tell “customers that it would raise prices across many of its products … with some items going up as much as 20%.” Shoppers should be prepared since the price of mayo is set to change very soon, Eat This, Not That wrote.
Eggs
In November, CNN reported egg prices had increased 11.6% over the previous year.
"We’ve chosen to increase our prices for the time being. We recognize that this is a difficult time for everyone, and higher grocery bills can only contribute to that,” organic egg company Pete and Gerry’s said when addressing its price increase. “In the egg world, the cost of high-quality organic ingredients for our hens’ supplemental feed has reached an all-time high.”
The company noted that it was led “to make some difficult decisions” because of the pandemic’s strain on operations, which is still going on.
Cereal
The price of a box of cereal was 5% higher in the fall of 2021 than in fall 2020. CNN reported that in a letter to a wholesale supplier, General Mills stated it will raise prices on a number of items, including “Cheerios, Cinnamon Toast Crunch, Lucky Charm’s, Wheaties, Reese’s Puffs, Trix and more.”
The price hike is expected sometime this month.
Vegetables
Potatoes sit on a rack at a supermarket in Des Moines, Iowa.
“Potatoes, celery and other heavier vegetables will have higher price tags next year in part because of higher freight costs,” the Wall Street Journal reported in December.
The reason for increases, Mashable explained, is because the COVID-related issues other companies are facing are “still wreaking havoc on the food industry” and will for a while.
