Price increases arrive from P&G, Adidas, others as tariffs hit home

A growing number of consumer goods companies are resorting to price hikes as they grapple with increased costs associated with tariffs.Why it matters: Price increases threaten to reignite inflation, which has been largely under control over the last two years.State of play: The dawn of Q2 earnings season has come with multiple price hike announcements:Adidas warned Wednesday that it may hike prices in the U.S. as it faces a $231 million increase in costs in the second half of 2025 in connection with tariffs, Reuters reported.Andre Schulten — CFO of Tide, Charmin and Gillette maker Procter & Gamble — said Tuesday that company will raise prices on about 25% of its products to account for tariffs. That's more than usual, he added on an earnings call.Others that have recently announced higher prices include Walmart, Ralph Lauren, Mattel, Subaru and Nike.Zoom out: It takes a long time for tariffs to work their way through the economy before they land in full on consumer's wallets. But early subtle signs are starting to show up in the official inflation data.Meanwhile, surveys and anecdotes about price increases have been piling up for weeks.Case in point: 62% of Americans said they've "experienced price increases on everyday goods and services as a result of recent tariffs," according to an Intuit Credit Karma survey released July 8.Yes, but: Not all price increases can be blamed on tariffs.Chocolate maker Hershey this month announced higher prices in connection with rising cocoa costs, which are being blamed on "poor weather and plant disease squeezing cocoa supplies in West Africa," WSJ reported.The bottom line: Tariff implications are still playing out.

Comments

World news

Google Canada claims pregnancy is not a protected ground under Ontario's human rights code in defence of lawsuit

National Post

Hawley says he and Trump had ‘nice visit’ after president ripped him as ‘second-tier’ over stock bill: ‘Full speed ahead’

about 4 hours ago

Wildfires ravage Spain and Portugal as temperatures expected to rise across Europe

Independent

Hawley says he and Trump had ‘nice visit’ after president ripped him as ‘second-tier’ over stock bill: ‘Full speed ahead’

about 6 hours ago

India to take steps to ‘secure national interest’ after Trump imposes 25% tariff

Independent

Comments

Similar News

Fuel price protests in Angola this week left at least 22 dead; 1,200 people arrested

US copper prices fall after Trump exempts refined metals from tariffs

Philips 'excellent value for money' wireless headphones get price drop

Adidas to raise prices as US tariffs costs rise by €200m

Tourism is booming in Halifax, but it’s also raising prices for visitors

Angola's fuel price protests leave 4 dead and leads to hundreds of arrests

Higher US tariffs part of the price Europe was willing to pay for its security and arms for Ukraine

Drug prices likely to rise with tariffs on EU

'I moved from UK to Benidorm – price of a pint and Full English left me floored'

Rising UK food prices turn cash-strapped shoppers away from high street

Trump is winning his trade war … but Americans will pay the price

DoorDash wants Competition Bureau’s lawsuit over prices tossed: doc

How new Ofsted rating system will affect house prices near top schools

Shark Stratos vacuum and mop bundle with £220 price cut hailed a 'game changer'

‘Climateflation’ could push up UK food prices by more than a third by 2050, report says

Temu struggles to rebuild in face of Amazon’s US pricing power

How overtourism is pricing furious Italians out of their local beach

Where do US house prices go from here?

Australia news live: Marles and Wong to host talks with UK ministers; top schools add $1.3m to house prices

Canadian home prices could drop 2% from Trump trade war, CMHC says

World news

Google Canada claims pregnancy is not a protected ground under Ontario's human rights code in defence of lawsuit

Matt Gaetz claims Obama was seeking third term through a Hillary Clinton administration

Trump's EPA is targeting key vehicle pollution rules. What that means for carmakers

Here’s where an Uber ride will cost you the most

Shocking new report finds this drug is more deadly than fentanyl

Heartbroken mom wants answers after 2-year-old chokes to death on meatball at daycare: ‘I just know something’s wrong’

Trump to bring back Presidential Fitness Test during White House event featuring controversial Chiefs kicker

2-year-old killed and 14 others hurt after car plows into Chicago sandwich shop during lunch

Ex-Biden official yanked from West Point blames ‘casually manufactured outrage’ after Laura Loomer targeted her

Teen boy who vanished while skateboarding is found in a 240-foot ravine and survived four days without food or water

How avocados became one of the most Instagrammed foods in the world

CNN’s resident MAGA foil Scott Jennings scorched by colleagues for claiming: ‘I’m just a journalist’

World’s ‘oldest baby’ born from embryo frozen in 1994

'They hit the ceiling': Delta flight forced to land after turbulence injures 25 people

'Dangerous and premature': Canada's Jewish advocacy groups decry Carney's Palestinian announcement

Fox News’ Jesse Watters ridiculed for sharing another rule for men to follow - inspired by Trump

Lakewood megachurch founder and mom to televangelist Joel Osteen dies at age 91

Adoptive dad sentenced to 50 years behind bars after son was found dead in a washing machine

Alan Dershowitz says he’s suing Martha’s Vineyard vendor for refusing to sell him pierogi

Hair stylist to stars including Hailey Bieber and Sophie Turner arrested and accused of trying to lure a kid for sex

New questions raised about Epstein jail cell death after fresh review of full video reveals mystery ‘orange shape’

Megyn Kelly says Trump risks alienating women voters if he pardons Diddy: ‘This will not help’

Conor McGregor loses appeal against civil jury's finding he sexually assaulted a woman

Tragedy as British woman dies after seizure during snorkelling trip in Indonesia

Zoo kills 12 baboons because there wasn’t enough space

How taxes are pushing up your shopping bill – and why it’s set to get worse

UK defends Palestine ultimatum to Israel: ‘We don’t negotiate with Hamas terrorists’

Desperate Trump’s anger at Canada only exposes how thin his threats really are

In trying to please everyone on Gaza, Starmer has pleased no one

Gregg Wallace’s echo chamber just proves one thing: his irrelevance

The Alzheimer’s symptoms to look out for

Ukraine ‘bracing for battle’ in key town after Russia claims major breakthrough

Why 51–53-year-olds face biggest hit from pension age change – and how you can act

Iran’s Mass Deportations Are Fueling Regional Instability

Small Countries Are Seeking Asylum in Europe

Talk of statehood won't feed the people of Gaza

Suspect arrested for Arkansas double murder while getting haircut

Anglican convert to receive one of the Pope’s biggest honours

Conor McGregor loses appeal over civil rape case

Claws are out in small town Massachusetts after a cat mayoral election race was hijacked by other animals

Trump donor swindled more than $30 million from people thinking they were getting access and visas

Hawley says he and Trump had ‘nice visit’ after president ripped him as ‘second-tier’ over stock bill: ‘Full speed ahead’

Wildfires ravage Spain and Portugal as temperatures expected to rise across Europe

Google software engineer, 29, killed during a hike in Yosemite by falling sequoia branch

Boy, 6, among dead in Russian drone and missile attack on Kyiv

Putin to spend £830,000,000,000 to rearm Russia for ‘upcoming large-scale war’

Conor McGregor loses appeal in civil sexual assault case

Virginia Giuffre’s family pleads with Trump not to pardon Ghislaine Maxwell

Stealth fighter jet pilot forced to eject as $100M aircraft crashes in rural California

Trump envoy arrives in Israel amid rising Gaza death toll of Palestinians seeking aid

Trump’s baby savings accounts are just a ‘back door to privatizing Social Security,’ treasury secretary admits

Hawley says he and Trump had ‘nice visit’ after president ripped him as ‘second-tier’ over stock bill: ‘Full speed ahead’

India to take steps to ‘secure national interest’ after Trump imposes 25% tariff

Delta flight makes emergency landing after severe turbulence injures 25 people just two hours into nine-hour journey

Mystery over what happened to Russian nuclear submarine base near megaquake epicentre

Spinning theme park ride snaps in mid-air before crashing to the ground

British woman, 24, dies snorkeling near Pink Beach in Indonesia

If you don’t get Labubus, that’s the point