Procter & Gamble anticipates price hikes next year to offset tariffs and reduced consumer spending.

Procter & Gamble, maker of brands like Tide and Charmin, plans to raise prices next fiscal year due to tariffs and uncertain consumer spending. The company has lowered its full-year earnings and revenue forecasts, citing a drop in demand and a more cautious consumer. Tariffs are expected to cost P&G between $1 billion and $1.5 billion annually, leading to price hikes and changes in sourcing and product formulas.